TITLE

Chicago Shelves Casino Dreams Following Governor's Veto Vow

AUTHOR(S)
Shields, Yvette
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/22/2003, Vol. 344 Issue 31641, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Chicago mayor Richard Daley conceded that it would be difficult to win state approval to build a city-owned, land-based casino in the current legislative session following state governor Rod Blagojevich's plan to reject any expansion of the game in Illinois. The state currently does not permit land-based gaming facilities.A series of bills that would increase the number of gaming licenses, allow slot machines at horse racing tracks, and increase space at existing riverboat facilities had advanced over the last week as a means to provide additional revenue to help close a 5 billion dollar deficit in the fiscal year 2004's 52.4 billion dollar budget. Sponsors of the bills had projected that an expansion of gaming could generate as much as 2 billion dollar annually, with some shares going to a cash-strapped Chicago and other municipalities.
ACCESSION #
9913089

 

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