The Chicago police recently arrested several people with ties to the Vincent DelGiudice gambling ring. With a decision from a federal judge, Matthew Knight – one of the main culprits, got with a light sentence thanks to his clean history and because of his social situation. Matthew Knight’s Final Verdict According to the prosecution, Matthew […]
A Chicago Police officer has received a 15-month jail sentence from US District Judge Virginia Kendall for his role in an illegal sportsbook operation with ties to Costa Rica. Chicago Police Officer Gets a Jail Sentence On Thursday, Nicholas Stella, a 43-year old police officer from the Chicago police department, received a 15-month jail sentence […]
Chicago Alderman Walter Burnett has introduced an ordinance that could possibly lift the ban on sports betting in the Windy City. It would allow the city to issue licenses and set revenue parameters, giving Illinois new streams of income. The City Council is set to vote on that ordinance and, if betting on sports becomes […]
Following December’s Request for Ideas for a casino-resort in downtown Chicago, the city’s Request for Proposal is expected to start next month. Major gambling industry players have already shown interest in the resort deemed by Chicago Mayor Lori Lightfoot as a “once-in-a-lifetime project”. Downtown Chicago Casino-Resort Gets One Step Closer Although nearly a dozen operators […]
Several major casino companies and real estate developers have responded to a request for information by the city of Chicago for input on the planned development of a casino-resort. RFI Yields Important Input for New Mega-Casino On Wednesday, the city of Chicago stated that a total of 11 casino operators and real estate companies have […]
A butcher, resident of Highland Park was sentenced to one year in prison for running an illegal sports betting operation. The 63-year-old Domenic Poeta pleaded guilty back in August to filing false tax return and running an illegal betting operation. Besides the prison sentence, the convicted has to repay some $1.4 million in taxes. One […]
Eugene “Geno” DelGiudice, a member of an illegal gambling ring in Chicago was sentenced to one-year probation. In the first three months of the sentence, the man will be under home detention. Appearing in front of U.S. District Judge Virginia Kendall, Mr. DelGiudice apologized for the wrongdoing. Prosecutors Charge 10 People Involved in a Gambling […]
Chicago is now has launched a Request for Information (RFI) to select developers for the upcoming casino in the city. Chicago’s Casino, A Step Closer to Realization The City of Chicago has issued a Request for Information (RFI) asking industry insiders, established casino brands and developers to submit their proposals for a state-of-the-art casino in […]
A reduction of the tax rate for Chicago Casino from 72% to 40% makes the project more appealing for developers, says a recent report. Chicago Casino More Attractive for Developers Following Tax Reduction A report released earlier this week by the Union Gaming Analytics suggests that the lowered tax rates for Chicago Casino makes the […]
