In an effort to help small companies and increase revenue, Aurora city officials have increased the number of gaming terminals allowed in nearby businesses. Hollywood Casino Aurora has expressed significant resistance to the decision, which was made public on Tuesday, November 25.
How Illinois casinos are affected by Aurora’s gaming expansion
Businesses could only have five video game terminals up until this point. The total number of terminals in the city has increased from 40 to 240, and that cap has been raised to six per firm.
According to officials, the shift is anticipated to result in an additional $56,000 in license revenue and up to $155,000 in tax revenue, with additional growth possible as three new enterprises are ready to operate. Additionally, they contend that the extra devices will benefit neighborhood eateries, bars, and social organizations that have already used up all of their terminals.
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Ald. Daniel Barreiro of the 1st Ward stated, “When we assist businesses, they are the big, large companies from out of town.” “We hardly ever have the chance to assist small businesses in our community.”
The request to raise limitations is allowed by state law, Deputy Chief of Staff Nicholas Richard-Thompson said a City Council committee in October. Applications would be accepted on a first-come, first-served basis for the newly available positions, he said.
Hollywood Casino opposes growth
After receiving the proposal on October 28, city officials postponed an initial vote in order to consult with Hollywood Casino Aurora, which is currently undergoing a $360 million development project across from the Chicago Premium Outlets complex. Representatives from the casinos made it apparent that they were against the expansion of gaming terminals in other parts of the city.
According to Mayor John Laesch, the casino voiced strong opposition in every situation. “They will always be against any additional competition. That was the message, according to Laesch.
A number of alderman expressed differing opinions. Citing the casino’s role in the community and the significance of gambling tax revenue for nonprofits, 9th Ward Ald. Edward Bugg was in favor of postponing the proposal. He added that each business migration entails uncertainty, even if he acknowledged the advantages for small enterprises.
Courtesy: https://www.covers.com, https://www.casino.org, https://pechanga.net
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