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The longer term casino in Rockford acquired preliminary approval from the Illinois Gaming Board this week, regardless of the continuing investigation into one of many venture’s buyers.
Not lengthy after the approval was granted, the gaming board’s chairman, Charles Schmadeke, introduced his assist for the $310 million Rockford plan and stated that the investigation continued regardless the approval and that the board would take an in depth look on the checklist of buyers.
Schmadeke admitted having some questions on specific people and their relationships however in response to him these have been simply questions and never proof. He stated: “All the proof that I’ve seen that’s been produced to the gaming board doesn’t present that there are any issues.”
He added: “As this matter proceeds, that proof could or could not develop that some key individuals could not have the health for this specific venture. However we’re not there as we speak.”
The chairman refused to offer any additional details about the allegedly questionable relationship and he simply stated that if the Rockford bidders continued to cooperate with the board, all questions can be resolved.
The Fischer Saga
Businessman Dan Fischer of Naperville was the one who pitched the Rockford plan to the board final week. He described himself as the hassle’s “managing member.”
Fischer’s firm was concerned in an investigation from 2018 however in response to the gaming board lawyer, this might solely result in a disciplinary motion that the board has not taken but.
The Gaming Board has not made any assertion on the matter but and Fischer’s lawyer stated his consumer did nothing fallacious.
Gaming Board Administrator Marcus Fruchter stated on the Thursday assembly, that the Rockford group promised to take away any investor who will not be appropriate for the venture.
Fischer will not be the one one of many buyers sooner or later venture. The others embrace the spouse of Low-cost Trick guitarist Rick Nielsen and a former mayor of Rockford.
The plan for the brand new casino is a part of the Illinois lawmaker and Democratic Gov. J. B. Pritzker’s approval for an enormous playing enlargement that began in 2019. Pritzker’s hopes are that the enlargement will generate further revenue to the state authorities.
As a part of the plan, six new casinos, together with Rockford, are anticipated to launch. They’ll add to Illinois’ prime 10 present casino institutions.
The Rockford plan was endorsed final yr by the town’s officers and now it’s competing with two extra venture for the board’s closing approval.
The preliminary vote was certainly an vital step for it opened the door to the development of the everlasting facility in Rockford. In keeping with the plan, the longer term website for the casino is the outdated Clock Tower Resort close to Instate 90.
However there’s nonetheless some strategy to go for the reason that licenses has not been granted but.
Issues are wanting good for the venture although, since Schmadeke and different gaming officers expressed their approval for Rockford staff’s effort to contain minorities within the venture.
The chairman stated: “I want to see the advantages distributed all through the group in any respect ranges,” Schmadeke stated. “I’m excited for the town of Rockford.”
Supply: “Illinois official give preliminary okay for a Rockford casino”, Wbez, February 4, 2021