Illinois could become first state owner of casino under bid plan - 2004-02-01
Illinois would become the first state to own a casino, under a $506 million bid put forward by a gambling hall operator.
Penn National Gaming, a private company, is bidding for Illinois' last remaining casino license. It is proposing to build a $255 million casino, sell it to Illinois for $1, and then manage it for the state, a source to the bidding process said.
Penn, which wants to build the casino in the Chicago suburb of Rosement, is bidding against six other companies.
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