Country Club Hills casino bid offers less cash - 2004-02-08
The wheeling, dealing and preaching hit a fever pitch last week as the Illinois Gaming Board revealed bids for the state's single remaining riverboat gaming license.
While south suburban hopefuls Country Club Hills and Summit posted two of the three lowest cash offers, there is more to the bids than mere dollars.
Penn National Gaming flashed the highest overall number with its $506 million bid for the license. Penn National would build a $225 million casino complex in Rosemont and sell it back to the state for $1, and the company would sign a contract to run the casino and reap 20 percent of the profits.
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