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CHICAGO (CBS/AP)-- Mayor Lori Lightfoot on Tuesday concurred with a brand-new expediency research study, stating the state statute that licensed online casino gaming in Chicago would certainly make it difficult for an online casino operator to be successful.
" The way in which this tax obligation structure was put together, it can not be done," Lightfoot said at a Tuesday afternoon news conference.
Lightfoot's statements was available in feedback to an independent usefulness research study appointed by the Illinois Video Gaming Board. The report concluded, as well as Lightfoot agreed, that "video gaming development legislation that allows for a casino site in the City of Chicago is very onerous from a tax and also fee perspective" and likely can not be funded under the framework wants.
Under the legislation, a Chicago casino operator would certainly have to pay a $250,000 application charge upfront, a $15 million "settlement" cost when the certificate is issued as well as approximately $120 million in wagering setting fees.
Economists have said the in advance tax obligation payments installed into the gambling establishment statute would not permit a casino driver to be successful.
PRESS OCCASION: Mayor Lightfoot signs up with participants of press. Listen https://t.co/9M0wJO65fP
-- Mayor Lori Lightfoot (@chicagosmayor) August 13, 2019
Lightfoot claimed she was committed, along with Gov. J.B. Pritzker and also legal leaders, to agree upon a framework for funding a Chicago casino "that would really function."
Lightfoot also highlighted some positives in the expediency research study that would certainly benefit the state along with the city, consisting of "the incredible benefit possibility of a gambling enterprise in Chicago that will certainly tower over the profits that have been generated by any other gambling establishment in the state by lots of sizes. So obtaining this right remains in everybody's passion-- not simply Chicago. This is something that is mosting likely to generate-- if it's done right-- substantial profits for the state."
Lightfoot on Tuesday likewise revealed the results of an initial public survey, in which Chicagoans were asked to note their choices for top concerns for the brand-new online casino. Greater than 10,000 locals participated in the study-- which evaluated the excellent area of a casino, whether near or far from downtown, near Lake Michigan or the Indiana state line, near mass transit, or where a gambling establishment would be most lucrative.
The largest percent, at 36 percent, said the excellent place is near downtown.
Study individuals were additionally asked the most vital consider picking a site for an online casino, as well as what amenities they want to see developed with an online casino. Restaurants came in initially at 58 percent, adhered to by theater/live enjoyment at 51 percent, and a resort at 41 percent. Reasonably couple of shared rate of interest in an amusement park, golf course, or fitness center.
At the same time, a total of 73 percent of participants said increased tax obligation profits is the most crucial advantage of opening up a Chicago casino site, adhered to by increased work at 55 percent.
As to problems about opening an online casino in Chicago, enhanced traffic congestion came in initially at 55 percent, adhered to by 마이다스게임 betting dependency at 47 percent.
Five prospective casino site sites were shortlisted earlier by the Lightfoot administration-- the previous Michael Reese Medical facility site at 31st Street and Cottage Grove Avenue; Pershing Roadway and also State Road; Roosevelt Road and also Kostner Method; Harborside at 111th Road as well as the Diocesan Ford Freeway; 온라인카지노 and also the previous U.S. Steel site at 80th Street and also the new Lake Shore Drive.
The usefulness research dealt with the potential of a casino at each of those places.
However Lightfoot said in the meantime, fixing the tax concern is more important than anything to do with the site. She stated all the sites now on the table have actually been bandied concerning as possible casino sites for many years.
" There's no location or combination of amenities that makes this bargain one that can really get financed," the mayor said. "That's specifically the factor that we made to the legislative people that were placing this with each other. And also currently, I think we have actually got a clear-cut, independent judgment that makes that clear."