- Casino Coming To Danville Illinois
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- Casino Coming To Danville Il
The operators of the proposed new casino in Danville have entered into an agreement with a nationally recognized casino brand.
Casino Coming To Danville Illinois
Golden Nugget Online Gaming, Inc. has secured a joint agreement with Danville Development, LLC for market access into Illinois through the proposed Danville casino for online sports waging. Under the agreement, the new casino would bear the name “Golden Nugget” after the other, well-known Las Vegas casino. The Golden Nugget Danville will also feature a Landry’s Steakhouse.
Danville, Illinois Under the Rebuild Illinois Law enacted in June 2019 there will be a new casino built in Danville, Illinois./ The Danville City Council is working with Vermilion Development, a large development company from Chicago, to find a casino operator to partner in the development and operation of the new Danville casino. The Danville City Council Tuesday night approved a new casino operating partner, new casino site and new concept plans to present as part of new application to the Illinois Gaming Board. Aldermen heard a casino presentation by Danville Development LLC which is the Wilmot family with Wilmorite Construction, a commercial. A big step in Danville’s march toward having a casino happened Monday afternoon. City leaders announced that they’re in negotiations with Caesars Entertainment to be the city’s preferred casino. Danville, Illinois moves back the deadline for casino proposals The Danville, Illinois City Council has voted to move back a deadline regarding a possible casino coming to their town. Posted: Aug 8, 2019 1:42 PM.
Mayor Rickey Williams Jr. tells Vermilion County First News that the announcement is “phenomenal news” for Danville.
SPRINGFIELD — Six new casinos — including one in Danville — along with legalized sports betting are coming to Illinois after Senate lawmakers approved a massive gambling expansion bill Sunday. Senate Bill 690, sponsored by Indian Creek Democratic Sen. Terry Link, passed that chamber on a 46-10 vote after being approved by House lawmakers.
https://media.socastsrm.com/wordpress/wp-content/blogs.dir/2509/files/2020/11/009-mayor-phenomenal-news.mp3“This is phenomenal for Danville and Vermilion County,” he says. “To have a, not nationally known, but internationally known company partnering with the Wilmots to bring us a first-class casino is just phenomenal news.”
Under the agreement, Golden Nugget holds the exclusive right to offer online sports wagering and, if permitted by law in the future, online casino wagering. In addition, the firm has committed to provide a mezzanine loan in the amount of $30 million to Danville Development for the development and construction of the casino. The market access agreement is for a term of 20 years and requires Golden Nugget to pay Danville Development a percentage of its online net gaming revenue, subject to minimum royalty payments over the term.
Casino Coming To Danville Il Menu
Williams says the casino application will be submitted to the Illinois Gaming Board today. He adds that the steakhouse would be able to draw in customers who don’t want to gamble.
https://media.socastsrm.com/wordpress/wp-content/blogs.dir/2509/files/2020/11/010-mayor-steakhouse.mp3“Having a fantastic steakhouse like that here in town will be great for everyone,” he explains. “I imagine lots of people, even if they don’t gamble, will go there to eat on a regular basis.”
The Illinois Gaming Board has delayed its casino approval process due to the COVID-19 pandemic, and it could take until May or June for a casino license to be approved by the board. Tinisha Spain, the interim president of Vermilion Advantage, says it’s a great thing to know what to look forward to.
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“Even coming on the heels of the announcement that there would be a delay, it’s great that they’re still making there partnerships in the background, so that when we do get the final word, we’ll be ready to move,” Spain says.
Casino Coming To Danville Il
The Danville casino will join other Golden Nugget casinos around the country, including Las Vegas and Atlantic City.