Tough Rock Reconsidering Chicago Bid, Also Open to Las Vegas Casino Buy

Tough Rock Reconsidering Chicago Bid, Also Open to Las Vegas Casino Acquire

Posted on: October 7, 2021, 07:34h.&nbsp

Final updated on: October 7, 2021, 07:34h.

LAS VEGAS – Could there be a second organization interested in bidding for the Chicago casino license? If so, that 2nd business could be Tough Rock International.

Hard Rock Chicago
Jim Allen, chairman of Tough Rock Global, speaks throughout a keynote session Wednesday morning at the Global Gaming Expo in Las Vegas. (Picture: G2E)

Jim Allen, Hard Rock’s chairman and Seminole Gaming’s CEO, informed reporters at the Worldwide Gaming Expo (G2E) Wednesday that the Florida-primarily based gaming firm is re-evaluating the possibility.

Challenging Rock was one particular of the companies that responded to the city’s request for info solicitation last year. MGM Resorts Global and Wynn Resorts, two other gaming firms that responded to that, have explained they would not pursue the possibility.

Allen explained that the organization was “recourted” right after having been hesitant about the opportunity.

Frankly, we need to make a selection prior to the finish of this month… We’re evaluating that now,” he stated.

The perceived favourite for the Chicago license has been Rush Street Gaming, a Chicago-primarily based business that owns and operates Rivers casinos.

Nonetheless, in hopes of attracting more bidders, the city extended the deadline to submit a bid by more than two months. The new date is Oct. 29. Officials also lately revised a rule to now permit possible applicants “believed by the city to have the ability to submit or be element of a group” vying for the license to go over the project with senior city officials.

The city is wanting an operator to put a casino resort with a 500-area hotel ideally in or close to downtown.

Hundreds of thousands Invested All around Chicago

Difficult Rock has been in an aggressive growth mode in latest many years, with a focus on the Midwest.

In May, Tough Rock Northern Indiana, a $300 million casino in Gary, opened. Three months later on, the Indiana Gaming Commission authorized Difficult Rock’s takeover as the vast majority proprietor of the casino, assuming management of the venture from Spectacle Entertainment.

Earlier this yr, the Illinois Gaming Board gave preliminary approval for Challenging Rock Rockford, a $310 million casino that will characteristic 2,000 gaming seats. Whilst that awaits further approval, function has commenced on a temporary venue dubbed Rockford Casino, a Challenging Rock opening act. That will feature 600 slot machines.

Gary is about 30 miles southwest from Chicago, and Rockford is 90 miles west. People wouldn’t automatically preserve Difficult Rock from bidding on Chicago, Allen stated.

Difficult Rock has also applied for the casino license in Terre Haute, Ind., the place they have support from important neighborhood officials. If the Indiana Gaming Commission approves Hard Rock for the license – there are 3 other competitors – the firm intends to spend about $200 million on a facility that would home 850 slot machines and 35 table games.

Challenging Rock Eyes Vegas, As well

Allen also said that Las Vegas could be a possibility for the organization.

When the Seminole Tribe of Florida acquired Hard Rock in 2007, the obtain did not consist of the then-Tough Rock Casino in Las Vegas. The off-Strip casino in Vegas closed in 2020. It’s now the Mohegan Sun Casino at Virgin Hotel Las Vegas.

The company now has the rights to operate a Difficult Rock casino in the marketplace, and Allen stated in response to a query from Howard Stutz from The Nevada Independent, that it will be selective in how it moves forward out here. He mentioned that the Planet Hollywood resort, a Caesars Entertainment house that has been rumored to be offered, is not being deemed.

“If the proper possibility comes up for us,&nbsp yes, we understand that Las Vegas is the capital of gaming in the United States,” he extra

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