Chicago Granted Two-Month Proposal Extension For Lone Casino Licence

Lori Lightfoot, the mayor of Chicago, announced that the city has granted a two-month extension to its request for proposal, which will let applicants to compete for the region’s lone casino licence.

This was done to give potential bidders more time to evaluate the Chicago casino opportunity, conduct extra due diligence, put up more competitive bid packages, and look at financing options.

“This historic casino project stands to expand the economic vibrancy and strength of our city by bringing sustainable, good-paying jobs to residents from underrepresented backgrounds and creating a world-class casino-resort that attracts visitors from all over,” said Lightfoot.

“Extending the deadline for interested bidders will allow the city to collect as many robust, impactful and transformative proposals as possible. I look forward to seeing these bids roll in and working very closely with whichever team is ultimately chosen to develop Chicago’s first-ever casino.” 

Licence authorisation

The holder of a Chicago owner’s licence will be authorised to operate a temporary casino for up to 24 months (with the possibility of a 12-month extension) before moving to a permanent facility in the city.

Additionally, the chosen operator will get the opportunity to operate slot machines at both Chicago Midway International Airport and Chicago O’Hare International Airport.

A casino resort with 500 rooms or less, conference space, restaurants, bars, entertainment venues, and more are all required aspects of the project, which also includes a number of essential elements.

In 2019, the potential gaming operator will be able to draw on a metropolis with a population of 9.5 million people and 60 million domestic and 1.5 million international tourists.

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About Joe Kizlauskas

Joe is a seasoned iGaming copywriter and speaker who has been in the business since 2015. He's written more words on all elements of iGaming than he likes to remember, and he's contributed material to a number of well-known brands. Joe may be seen playing 5 a side, at the gym or playing games on his Playstation when he is not writing.