Tuesday, October 9, 2012
The Des Plaines casino generated the second-largest amount of adjusted gross receipts in a month since it opened.
For the second time since opening in July 2011, Rivers Casino, 3000 S. River Road, topped $40 million in adjusted gross receipts in a month, according to a report from the Illinois Gaming Board. Rivers Casino collected $40,356,000 in adjusted gross receipts, according to the report, and the state’s newest casino continued to outpace the other nine casinos in Illinois, a position the gaming venue has held since its first full month of operation in August 2011. Rivers Casino’s top-grossing month to date was in June when the operation generated $42,545,000 in adjusted gross receipts, according to the Illinois Gaming Board. August 2012 was the least-grossing month to date at Rivers Casino, during which $26,414,000 in adjusted gross receipts …
Wednesday, August 29, 2012
Rivers Casino staves off new competition, at least until the legislature reconvenes in the fall.
The state’s top-grossing casino won’t face competition from new gaming venues — at least for now. Gov. Pat Quinn vetoed the gaming expansion bill that included five new casinos, including one in Chicago, and slot machines at six racetracks including Arlington Park in Arlington Heights, at Longfellow Elementary School, 715 S. Highland Ave. in Oak Park, on Tuesday. Rivers Casino, 3000 S. River Road in Des Plaines, has generated more revenue than any other Illinois casino every full month since opening in July 2011. In a statement, Gov. Quinn cited his concerns with the bill: substandard ethics, a lack of adequate oversight of the proposed Chicago casino and insufficient funding for education. The legislation does not prevent gaming licensees…
Monday, August 20, 2012
A special legislative session in Springfield last week made no progress. Here, Patch rounds up reactions from local politicians and residents.
No one ever said getting the pension issues inline with Illinois’ budget would be easy. The Illinois General Assembly failed to act at the special session Friday on the matter of the pension debt that is estimated to be anywhere from $80 to $90 billion. The issue is not likely to be acted on again until after the general election. The cost to taxpayers for the session was $40,000. The only vote taken was in the House on Legislators curbing their own pensions. That measure received 54 yes votes, 53 votes opposed, and six votes short of passage. Gov. Pat Quinn, who called for the special session in July, blamed Republican leadership. “Each day we wait to enact comprehensive pension reform, the problem gets worse,” Quinn said in a statement…
Monday, August 13, 2012
Des Plaines’ revenue sharing with state, other communities would change under gaming expansion bill.
In less than three weeks the agreement that requires Des Plaines to pay portions of gaming tax revenue from Rivers Casino to the state and 10 disadvantaged communities could change. Gov. Pat Quinn is reviewing, and is expected to take action on, a gaming expansion bill by the end of August. If passed, five new casinos will open, including one in Chicago, and slot machines will be added at six racetracks. These so-called “racinos” pose a problem for Des Plaines, Mayor Martin Moylan said. “We have problems with the slots,” Moylan said. “They’re going to affect us and affect our bottom line, at Maywood and also at Arlington [racetracks].” Earlier: Mitt Romney chooses Paul Ryan for running mate. In the only agreement of its kind in Illinois, …
Thursday, October 20, 2011
Skokie's veteran lawmaker is not optimistic about future of expanded gambling in Illinois
For Lou Lang, Governor Pat Quinn’s counterproposal on gaming legislation is pretty much a non starter, but that does not necessarily mean the veteran representative will stop his two decade long effort to expand gambling in Illinois. On Monday, Quinn released a modified expanded gambling bill that dramatically cut back on the legislation that barely squeaked through both Springfield chambers this spring, with Lang guiding it through the House. With Quinn labeling the bill “top heavy” state Sen. John Cullerton never formally sent that package to Quinn to try and work out a compromise and prevent Quinn from vetoing the bill. After a summer of verbal jousting involving Quinn and Mayor Rahm Emanuel, a major proponent of a Chicago casino, the …
Monday, June 6, 2011
A law passed in February that restricts free rides to low income Illinois seniors goes into effect this summer.
Changes that will make most persons above 65-years-old exempt from the the Rapid Transit Authority's Seniors Ride Free program go into effect Sept. 1. The program, which includes CTA, Metra and Pace services, will be changed to only allow for low-income senior citizens to participate, according to a law signed by Governor Pat Quinn in February. To raise awareness on the adjustments, the RTA is hosting a series of public hearings between June 6 and June 16. North Chicago Suburb riders and residents can attend the informational session scheduled at 1:30 p.m. on June 16 at the Levy Senior Center in Evanston. Meanwhile a meeting at 10:30 a.m. that same day has been organized for Lake County residents at the Waukegan Public Library. Roughly 25…
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Andrew
4:36 pm on Tuesday, August 14, 2012
The racetracks are businesses just like the casinos. When a new burger joint opens down the street from an old one, the old one has to try and keep their customers. The catch is, tracks also compete with tracks in other states because gamblers wage on races across state lines. Those other states? Yeah, they have slots at the tracks. Let em diversify so they can compete. more ›