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roulette casino tattoo He did that despite concerns that the state’s gaming market is near a saturation point, and that new casinos could potentially poach customers and revenue from established properties.On Monday, the five-member IGB passed a resolution pushing for lower tax burdens for the proposed Chicago project. Illinois Gov. Pritzker may need to reconsider the tax rate on a Chicago casino to make that project come to fruition. tripadvisor soaring eagle casinoThe Illinois Gaming Board (IGB) is urging politicians in the Prairie State to reconsider parts of the gaming expansion bill passed there earlier this year so that a Chicago casino can become a reality. When factoring in the “privilege tax” rate of 33.3 percent, the effective tax burden on a Chicago casino would swell to 72 percent, making it almost impossible for the venue to be profitable.“To the extent a casino operator could pare down expenses and realize modest revenue and profits from non-gaming amenities … total enterprise profit margin would, in a best-case scenario, likely equate to a few pennies on the dollar,” according to the UGA report.UGA noted that under a 72 percent tax rate scenario, an operator opting to build the Windy City casino would need to lucky creek casino no deposit bonus codes march 2021do so without taking on debt, a rarity in the gaming business. He did that despite concerns that the state’s gaming market is near a saturation point, and that new casinos could potentially poach customers and revenue from established properties.On Monday, the five-member IGB passed a resolution pushing for lower tax burdens for the proposed Chicago project. mgm casino 4

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