Chicago Casino Plan Busts In Final Hours Of Illinois Veto Session

A late push to modify the tax structure of a new Chicago casino fell short on Thursday, as an amended bill failed to make it to the floor of the state House before the legislative session ended.

The state’s major gaming expansion bill signed into law this summer created a new Chicago mega-casino license that would allow up to 4,000 gaming positions, but also required operators to pay a 33 percent privilege tax to the city on top of the existing state taxes on revenues.

After a study said the tax regime would discourage any operator from pursuing the license, city leaders pushed the legislature to amend the gaming bill to create a more palatable structure.

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