(WBBM NEWSRADIO) — Four entities have submitted bids to run a land-based casino in the city of Chicago, the Lightfoot Administration announced Friday.
Bally's Corporation has submitted two bids for two different sites. A group associated with Hard Rock Casino and two groups connected to Rivers Casino submitted the other bids. There are a total of five proposals, city officials said.
Friday was the deadline for companies to submit casino plans. The winner stands to own and operate Chicago’s first casino — a project seen as a potential cash cow for tax coffers.
“We are thrilled to have received five high-caliber proposals from Bally’s Corporation; HR Chicago, LLC; Rivers Chicago at McCormick, LLC; and Rivers 78 Gaming, LLC,” Chicago Mayor Lori E. Lightfoot said in a statement.
“The submission of bid responses represents a major step toward the thoughtful development of a casino-resort that uplifts our businesses, employs and empowers our residents and encourages tourism.”
City leaders will now review each proposal. The City Council will get the final vote.
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