Hard Rock Submits Bid for Chicago Resort Casino License
CINCINNATI – Efforts by Windy City officials to draw bidders for its downtown casino appeal have apparently paid off. Hard John Rock International confirmed to Casino.org Fri it submitted a proposition for the city’s license.
Hard Rock Chairman and Seminole Gaming CEO Jim Gracie said the Florida-based keep company would turn over it “an honor” to receive the certify for the holiday resort facility.
Submissions from interested parties are due by 2 pm CT Friday. On Aug. 6, urban center officials amended the bespeak for proposals and pushed the deadline back more than two months.
Frankly, workings with the city and discernment what they were looking for, non just a casino, but a confessedly amusement terminus – obviously, no ane inwards the humanity does it as intimately as Hard Rock,” Gracie said at the grand chess opening jubilation for the Hard John Rock Cincinnati Casino. “So, we’re not suggesting we’re sledding to win. But certainly our make is more than just now gaming. And that’s something we consider matters to the urban center of Chicago.”
Hard John Rock was single of Little Joe gaming companies that responded utmost twelvemonth to a request for information solicitation. Two others that submitted information, MGM Resorts International and Wynn Resorts, had said they would non act on the chance prior to the extension.
The other company was Chicago-based Rush Street Gaming, which has been considered the favourite past many. However, Windy City Mayor Lori Lightfoot said publicly on that point would live no more home-field advantage. She also uttered desire that the opportunity would appeal a Las Vegas-style attraction.
Chicago Wouldn’t Take Away from Hard Rock’s Regional Venues
Allen made headlines earlier this calendar week when he said Hard Rock was interested inward operating casinos simply a few miles asunder inwards New House of York City and northern New Jersey. Earlier this month at the Global Gaming Expo, he said the troupe was reconsidering pursuing the Windy City certify and would be open to the rightfulness opportunity for a Las Vegas property.
The past tense match of years experience been pronounced by development for Hard Rock. In May, Hard John Rock Northern IN opened inwards Gary, and troika months later, it became the absolute majority possessor of the $300 one thousand thousand project.
In June, the Land of Lincoln Gaming Board sanctioned a temporary gambling casino for Rockford, Ill., spell a Hard John Rock is reinforced there. The short-term locale testament not take the Hard John Rock name. It will live called Rockford Casino – A Hard Rock Opening Act.
While both the Gary and the permanent $310 trillion Rockford gambling casino are inward the Windy City area, Gracie Allen told Casino.org that Hard Rock’s “chameleon-like” power to meld to the markets it serves agency they won’t cannibalize from each one other.
“It canful get along so many different things,” he said. “The Hard John Rock Hotel inwards Orlando is all around families. So, certainly Gary and Rockford would follow similar to Cincinnati, a small chip more regional focused. Certainly Chicago is an international city. Without getting into the details of our proposal, it is much larger, many, many billions (of dollars) as far as the propose sizing itself.”
Tax Structure Stalled Chicago Casino Procurement
The Chicago cassino appeal faced delays correct from the beginning, after IL lawmakers naturalized the permit inward a 2019 expanded gaming greenback that legalized sports betting, added gambling casino licenses inwards areas around Windy City and places downstate, and also allowed racetracks to append gambling casino gaming.
However, concerns around an in force(p) assess rate due north of 70 percent derailed the project. That tax rate was due to the combining of a 144 receipts tax and a divide fee cover first of all responder pensions.
Led by Lightfoot, urban center officials lobbied nation lawmakers to correct the taxes, and the current value is expected to live around 40 percent.
That allowed the metropolis to vent the RFP in April.
Under the initial schedule with an August deadline, the metropolis was expected to pluck a finalist past too soon 2022. It is incertain when that would accept come in below the revised schedule.
City officials in the allurement said they wanted a resort that included no more to a greater extent than 500 hotel rooms and 60,000 foursquare feet of get together space.
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