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caesar casino groupWhen lawmakers initially passed the broader gaming package last year, it included an effective tax rate of 72 percent on the Windy City venue, prompting companies such as Las Vegas Sands and Penn National Gaming to say they weren’t interested.Under SB 516, Chicago and Illinois will take 22.But an integrated resort alone won’t generate enough revenue to cover the half-billion dollars in public employee pension expenses the city faces over the next two years.The venue will be accompanied by several restaurants, an entertainment venue, and a sportsbook.A casino could generate “a couple hundred million dollars per year” in receipts for the city, according to Moody’s.Chicago’s pension costs are forecast to jump to billion in 2022, up from approximately .harrah s cherokee casino credit

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