The 40,000-square-foot Emerald Casino, according to analysts, could generate $500 million a year in revenue with an operating margin of 30% to 35%, compared with 25% to 29% for most Vegas joints. Rosemont, known as the city the mob built on top of a garbage dump, is 2.5 square miles of ritzy hotels and glitzy office buildings, 40 minutes northwest of downtown Chicago at the confluence of two expressways, and neighbor to the busiest airport in the U.S. Chicago area riverboats now take in $2.2 billion a year in gambling revenues their win rate-daily house take, divided by the number of customers that can be accommodated at one time-is $408. At stake, though, is a potential gold mine in a lucrative gaming market. What they're fighting over doesn't look like much-a half-constructed, rusting hulk, the Emerald Casino, overlooking the Illinois Tollway.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |