http://www.chicagobusiness.com/artic...of-the-revenue
May 28, 2015
Senate bill would give Chicago a casino and 7 years of the revenue
(AP) — Chicago would get a city-owned casino and be allowed to keep all revenue for seven years to help make ballooning pension payments, and new casinos would be added throughout the state under legislation expected to be introduced Thursday in the Illinois Senate.
Democratic Sen. Terry Link plans to present a gambling expansion bill before the Senate executive committee, said Rikeesha Phelon, spokeswoman for Senate President John Cullerton.
In addition to a new Chicago casino, the legislation would add casinos in Chicago's south suburbs, Rockford, Vermilion County and Lake County. It also calls for smaller "satellite" casinos, with between 400 and 600 slot machines that could be located in Decatur and far southern Illinois.
Chicago Mayor Rahm Emanuel has pushed for a Chicago-owned casino as a way to address a multibillion-dollar public-pension shortfall. The state sees new gambling as a source of much-needed revenue.
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