It is the final day for casinos to submit their proposals for a Rockford City Casino in Illinois. The proposals would be accepted by Friday 2 p.m.
Earlier the city also extended the timeline for casinos to tender their proposals. Earlier the deadline to submit a proposal was Friday, August 16.
Explaining the move to extend the deadline, the City Council said that their original deadline only provided investors with a 44 days window to draft and submit a proposal which was way below the industry standards. With the extended deadline, interested parties had 58 days to plan and submit their proposals.
Earlier this year, Illinois Gov. J.B Pritzker signed a massive gambling expansion bill which allows for six different casinos in the state. New Casinos are to be developed in Waukegan, Chicago, Rockford, Danville, Williamson County, and Cook county.
Two developers, Hard Rock International, and Gorman and Co. have already announced their plans to develop a casino in Rockford.
The assessment of the proposals would be made in September, following which the gambling operators will be asked follow-up questions.
The city has released the following timetables in the casino evaluation process:
– September 16: Evaluation team submits recommendations to City Council
– Sept. 23: Public Hearing
– By Sept. 30: City Council certifies proposers
– Before Oct. 25: Applications filed with Illinois Gaming Board
Waukegan City has already revealed the name of the six gambling operators who have officially tendered a proposal.