Illinois

FanDuel and DraftKings Grapple with Illinois Sports Wagering Tax Hike as Governor Pritzker Defends Revenue Boost

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Illinois
Illinois' online sports betting landscape faces upheaval as major players like FanDuel and DraftKings confront the repercussions of a significant tax increase. Governor J.B. Pritzker defends the move, asserting...

DraftKings and Flutter Stocks Dip After Illinois Budget Agreement Introduces Tax Hike on Sports Betting

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Taxation, Illinois, Taxes
Shares of major sports betting companies, including DraftKings and Flutter, experienced significant declines following the approval of a substantial tax increase on sports bets in Illinois. The state's fiscal 2...

Illinois Senate Adopts Progressive Tax Plan for Sports Betting, Offers Relief for Operators; House Vote Next

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Horse Racing, Taxation, Sports betting, Online Gambling News, Illinois, Taxes
In a significant legislative move, the Illinois Senate passed a bill late Sunday night that aims to transform the state's sports betting tax structure into a progressive system based on operator revenue. The ch...

CFG Challenges Sports Betting Alliance’s Opposition to Illinois Sports Betting Tax Hike, Urges Evidence-Based Policy Decisions

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Taxation, Sports betting, Illinois, Taxes
As gambling initiatives unfold across the U.S., the Campaign for Fairer Gambling (CFG) closely scrutinizes developments, particularly in Illinois. Governor J.B. Pritzker's proposal to raise the tax on legal spo...

Bally’s Chicago Reports 12.7% Revenue Growth in March 2024 as Bally’s Corp. Mulls Takeover Bid

Marija Malenovic
Casino Sales, Latest Casino and Gambling News, U.S.A., Casino News, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Taxation, Illinois, Taxes, Financial Press Releases, Rhode Island
Following a takeover bid by its biggest shareholder, an $800m financing gap for the construction of a planned Chicago casino, a project worth $1.7bln, and a credit downgrade by the rating agencies, business flo...

Bally’s Chicago Generates Record $1 Million in Tax Revenue in February 2024; Visits to Illinois Casinos Exceeded 1Million Count

Radosav Milutinovic
Latest Casino and Gambling News, U.S.A., Gaming Industry News, Casino project updates, Economy/Finance, Licensed online casinos in USA, Taxation, Online Gambling News, Illinois, Financial Press Releases
Gaming and entertainment giant Bally’s Chicago has set a $1 million record in tax revenues in February 2024 for the very first time. The exceptional contribution to the local community reportedly resulted from ...

Bally’s Temporary Casino in Chicago Surpasses $10 Million in Gross Gaming Revenue in January

Vanja Mitic
Latest Casino and Gambling News, Casino Destinations, Casino News, New Hotels, Gaming Industry News, Economy/Finance, Casino moguls, Illinois, Financial Press Releases
Bally’s began the new year with fantastic results, especially when it came to the company’s temporary casino in Chicago.  Fantastic results in the new year: The casino, which is located at the Medinah Tem...

Bally’s Chicago Hotel Tower Development to be Relocated due to Interference with Municipal Water Pipelines

Radosav Milutinovic
U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Casino project updates, Licensed online casinos in USA, Online Gambling News, Illinois, Rhode Island
Bally’s, one of the leading casino corporations, will have to revise the design for its permanent Chicago casino and entertainment complex several months before the company breaks ground for the development sch...

PENN Entertainment Hosts the Groundbreaking Ceremony for the New Hollywood Casino Joliet

Vanja Mitic
Latest Casino and Gambling News, Casino Destinations, Casino News, New Hotels, Casino expansion projects, Gaming Industry News, Casino project updates, Employment & Careers, Illinois
The work on the new Hollywood Casino Joliet is about to begin! As PENN Entertainment, Inc. announced, the groundbreaking ceremony is scheduled for December 13 at 2 pm CT. The new casino: Until now, PENN o...

PENN Entertainment To Hold a Groundbreaking Ceremony for Future Hollywood Casino Aurora

Marija Malenovic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Casino Cruise Ships, U.S.A., World Casino News, New Hotels, North America Casino News, Casino expansion projects, Casino project updates, Gaming Industry News, Illinois
Following a groundbreaking ceremony held on November 28 for a new hotel to be tied to the Hollywood Casino Columbus, PENN Entertainment Inc., has revealed that it will hold a groundbreaking ceremony for the upc...

Illinois Gaming Board Grants Permanent Gaming License To Bally’s Casino

Marija Malenovic
Latest Casino and Gambling News, U.S.A., Casino News, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Licenses, Licensing, Illinois
Following the waiting process that lasted for an entire year, Bally’s Corporation has been granted permission to officially open a permanent gaming establishment in Chicago. New license: On October 25, th...

Wind Creek Chicago Southland Casino Project Gets $290M Loan To Assist With Construction

Marija Malenovic
Tribal Gaming, Casino News, Latest Casino and Gambling News, Tribal Gaming, U.S.A., New Hotels, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Mergers, Acquisitions & Partnerships, Illinois
Following an 18-month postponement, the Wind Creek casino project seems ready to move forward. In that regard, Wind Creek Hospitality, the company behind the project being constructed on land located 20 miles s...