Posted on 08/13/2019 4:00:07 PM PDT by DUMBGRUNT
Proposed Chicago casino unattractive to investors because of ‘onerous’ taxes; South and West side sites wouldn’t draw tourists, says a state-hired consultant
...a Chicago casino operator’s profit margin “would, in a best-case scenario, equate to a few pennies on the dollar,” according to a report from Las Vegas-based Union Gaming Analytics
As a result of the high taxes and other upfront costs, the casino’s owner would reap low single-digit profit margins, at best, on any of the five sites suggested as possible locations, according to the study.
“Put another way, tourists generally will not patronize a casino in an area that is inconvenient relative to where they are staying or perceived as unsafe, nor will tourists be eager to book a room at a casino’s hotel is there are no other easily accessed attractions nearby,”
(Excerpt) Read more at chicagotribune.com ...
As an aside, I’ve always been curious about the phrase “a few pennies on the dollar” (or “just pennies on the dollar”).
Is that 2 or more “pennies on the dollar”, or 97 or more “pennies on the dollar” ?
Daylight hours only.
After dark would constitute cruel and unusual punishments.
No one is willing to take a “shot”.
When the time comes, the usual suspects will be standing in line for some of the action.
That’s what happens when you are bankrupt and organized like the mafia
The state of Illinois could only dream to be organized like the mob!
The mob usually runs a profitable operation.
The state of Illinois, not so much.
Is that 2 or more “pennies on the dollar”, or 97 or more “pennies on the dollar” ?
In Chicago, the answer depends on who you know.
and eligible to vote in every Chicago election
And forever after.
Anonymous Anonymous said...
The casino will be successful!
Just look at how well Atlantic City is doing!
Second City cops:
https://www.blogger.com/comment.g?blogID=13350456&postID=7503486178104929543
If you want to gamble in Chicago, just walk down the street and try not to get shot.
No need to walk around, you can be jacked at any speed less than 55mph.
There are about 5 gang infested predominantly black neighborhoods in Chicago where that statement is factually true. As for the tourist areas, it's not. Downtown Chicago is as safe as any other major city in America. At least for now. The current black progressive-democrat female lesbian mayor is doing all she can to run the city straight into the ground with her hate-the-police attitude. The recent dramatic rise in shootings in the gang-infested predominantly black neighborhoods is a direct result of her rhetoric against the Chicago Police, who've stood down in those neighborhoods.
Better to go home at the end of their shifts than to the morgue. (Truth.)
no sane investor would even consider it.
The contracts will be written so those with connections will be paid first.
Remember to bid low and kill them on the extras.
They will build one (PC) deep in the ghetto, it will consume most of the local legal economy, welfare checks and leave a pile of shite.
Taxpayers statewide will pay off the mountain of accumulated debt.
Only a few insiders will profit.
Right next to Chicago is a new casino in Rosemont. Between the city and Ohare Airport.
Have a bus meet the tourists/gamblers at the airport,
Wedged between Ohare field and Chiraq is the Rosemont Casiino.
Complimentary 24/7 round-trip daily Casino Shuttle service from the CTA Rosemont Blue Line Station. Validated transportation voucher from Rush Rewards required for return trip. https://www.riverscasino.com/desplaines
In the unlikely event, you missed it, you might like:
http://secondcitycop.blogspot.com/
Unfortunately, as the criminal element breaks through Chicago’s ‘thin blue line’, appears they mostly head west to DuPage!
We need a wall!
pretty much the same reasons chicago will never be a destination for tech companies ...
That and HeyJackass! Are my two favorite CPD websites to reach.
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