- Casino Mall Sues Illinois Gaming Board Application
- Casino Mall Sues Illinois Gaming Board Rules
- Casino Mall Sues Illinois Gaming Board License
- Illinois Video Gaming Locations
BY ON April 06, 2017
A group of in-state gambling establishments has asked a county court to strike down Illinois’ Video Gaming Act for unfairly favoring owners of video gaming terminals.
Illinois’ biggest and most popular casino has been hit with a $2 million fine, and two of its officers have been ordered suspended, after a complaint from the Illinois Gaming Board lambasted the.
The Courthouse News reported that Dotty’s Café, Stella’s Place and Shelby’s – video gaming cafes that collectively operate over 100 strip mall locations in 21 counties in the state – sued the Illinois Gaming Board to challenge rules that require them to split profits with the companies that operate the gambling machines.
- Either way, the development group will need approval from the Illinois Gaming Board to amend its casino application, which is no sure bet as that regulatory agency vets three other suburban.
- While Indiana casinos started taking sports wagers, the Gaming Board was still drafting hundreds of pages of rules governing sports betting that weren’t outlined in the Illinois law, no easy.
- Sep 04, 2015 The Illinois Gaming Board has imposed one of the highest fines in the history of the state’s casino industry on the Rivers Casino in Des Plaines. The casino’s parent company was hit with a $2 million fine for failing to comply with internal security procedures as stipulated by the gaming board.
- Illinois gambling operators who own and manage slots and video gaming machines in parlors are suing the state over profit-sharing regulations.
- Illinois Gaming Board orders gambling owner to fire 2 employees whose ties ‘pose a threat to the integrity of video gaming’. Business relationships with a banker accused by the FBI of.
- Dec 26, 2019 The Illinois Gaming Board has moved to revoke the license of a video gambling operator for allegedly offering a $5 million “illegal inducement” to the owner of a gambling parlor chain.
They claim that two provisions of the Act are unconstitutional since the law not only forces locations and operators into separate businesses, but also forces them into profit-splitting joint ventures, stipulating who pays for what and who gets what percentage of profits.
“Video gaming has been a success in Illinois. Its success and popularity conceal a lost opportunity, however, because the Video Gaming Act places a disincentive on local establishments to improve their consumers’ video gaming experience,” argued the gambling establishments, which are represented by Dan K. Webb of Winston & Strawn LLP in Chicago, said.
Under the current set-up, a mandatory 50 percent of after-tax profits from each machine goes to the terminal operator. A board policy dictates the amount of marketing and advertising costs that operators have to pitch in.
The petitioners, however, pointed out that the Illinois regulator does not have the authority to determine how profits and costs are split between two independent businesses.
They added that declaring the act unconstitutional “will permit the participants of the video gaming industry to freely negotiate, contract and compete.”
“The act arbitrarily forces two statutorily separated parties – licensed locations and terminal operators – into contracts with each other; mandates that they split the profits of video gaming without taking into account their relative investments, expenses and efforts; and then forbids them from freely negotiating the terms of their legislatively imposed joint venture,” they said.
The Illinois Gaming Board, for its part, declined to make a comment on the lawsuit.
Comments
Hard Rock International has unveiled the entities and individuals who have invested in its proposed $300 million casino resort in the Illinois City of Rockford after a wave of criticism over the City Council’s decision to keep the list of investors confidential.
As many as 53 people and business organizations have invested in the project to secure a piece of ownership in 815 Entertainment LLC, a company that was established to unite Hard Rock, the developer and operator of the proposed Hard Rock Casino Rockford, and local investors.
Hard Rock released the records containing the names of those who have invested in the multi-million development scheme last week. As mentioned above, the City Council previously kept the names of those involved secret based on advice from casino consultants who had reportedly told Rockford officials that they should honor Hard Rock’s request to keep the identities of those investing in its planned property confidential.
A Denied Freedom of Information Act Request
Hard Rock released the list of Rockford casino investors after local newspaper the Rockford Register Star appealed a previously denied Freedom of Information Act request. The public access counselor at the Illinois Attorney General’s office was still reviewing the appeal when the contested records were published by the Florida-based gaming and hospitality company.
The Rockford City Council approved Hard Rock’s casino license application at an October 7 vote. Alderwoman Linda McNeely was the only city official to cast a negative vote against the proposal. She justified her decision to vote against the plan with the fact that the west side of the city, which she represents, has not been promised to receive funds for improvements from the gambling venue.
Casino Mall Sues Illinois Gaming Board Application
Ms. McNeely also argued that there should be no reason for Hard Rock to keep those investing in its property secret and that every resident of Rockford would want to know who would benefit from the major development scheme.
Dan Cain, a retired criminal defense attorney who lives in Rockford, told the Rockford Register Star that Hard Rock and city officials should have released the list of investors along with the company’s casino license application as it was competing for “a lucrative, exclusive license” and “secrecy only raises suspicion.”
The Project
Hard Rock’s city-endorsed proposal includes the development of a casino complex at the site of the former Clock Tower Resort on East State Street near the Interstate 90 entrance. The property will feature a 65,000-square-foot casino, a 1,600-seat Hard Rock Live event venue, and a Hard Rock Cafe.
The casino facility will initially feature around 1,500 slot machines and 55 table games with the option for further expansion in future. The gaming floor will also offer three dining outlets, two quick-service cafes and a sportsbook. Hard Rock officials say that a 225-room hotel could be added in future development phases.
Casino Mall Sues Illinois Gaming Board Rules
After the Rockford City Council recommended the Hard Rock proposal, it will now be reviewed by the Illinois Gaming Board.
Hard Rock is currently preparing the application materials that it is set to submit to the state gambling regulator. Company representatives said that those exceed 10,000 pages and would be delivered to board members on high-capacity USB drives.
As part of the license application process, Hard Rock will have to pay a $250,000 license application fee and a $50,000 background check fee.
Source:Hard Rock reveals investors behind Rockford’s proposed casino, RRStar.com
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