Rosemont Turns Away Casino Hopes
After spending many years and millions of dollars trying to bring a casino to this Chicago suburb, village officials have turned instead to creating a $500 million family-friendly entertainment complex, complete with a luxury hotel, restaurants and a water park. All that's missing on the 60-acre site is what officials had at one time hoped would be the Emerald Casino. Under plans released Tuesday, the casino's building would be used for office space and a fountain. The Illinois Gaming Board voted unanimously in December to revoke Emerald's gambling license, calling the casino a "stain on the gaming industry" where top company officials lied to regulators and let people with alleged ties to organized crime become investors. The license that was held by Emerald has been dormant since 2001 when the board decided for the second time not to renew it.
Rosemont has tried to block the revocation of Emerald's license, and an appeals court has barred the state from selling or auctioning the license until a decision is made on the matter. Village officials alluded to the casino troubles Tuesday, indicating plans to move forward regardless of the court's decision.
May 9, 2006
Posted By Susan Torres
Staff Editor, CasinoGamblingWeb.com
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