- Rivers Casino Near Rosemont Il
- Rivers Casino In Rosemont Illinois
- Three Rivers Casino Rosemont Il
- Rivers Casino Hotel Rosemont Il
If you’re looking for the hottest Chicago gaming action, Rivers Casino is the place for you. We’ve got nearly 1,100 of the newest and we pay out more than any other Chicagoland casino. Are table games more your style? We’ve got over 65. You can’t get a better gambling option in Illinois or the Midwest! Where is Rivers Casino? Des Plaines is home to Rivers Casino. Des Plaines is a family-friendly city well known for its casino gaming and restaurants. If you're looking for things to see and do in the area, you might want to stop in and see Allstate Arena and Rosemont Theatre. Specialties: Rivers Casino is Chicagoland's newest gaming and entertainment destination! If you are just looking to have some fun on your favorite table games, we offer 50 games, including Blackjack, Spanish 2, Craps featuring Fire Bet.
Rosemont will get $2.8 million in a settlement resolving a long-running dispute over the failed Emerald Casino bid.
The payout represents a fraction of what the village sought -- at least $45 million -- from six former Emerald officers as part of a bankruptcy proceeding.
The town spent another $10 million in legal fees over the last two decades, as its attorneys sought to recoup construction costs mostly related to the village's building of a 7-level, 8,500-space parking garage for a casino that never materialized.
Rivers Casino Near Rosemont Il
That Williams Street garage today serves the 200,000-square-foot Parkway Bank Park village entertainment district, much of it on the site envisioned for the casino. The garage has unused elevator shafts that were intended to transfer casino money to armored vehicles.
'We were in a negative position cash-wise,' said Mayor Brad Stephens. 'But we have a parking garage as an asset. We were never going to recoup the legal fees, but it's better than getting nothing.'
'We were handed lemons and made some pretty tasty lemonade,' he said of the entertainment district, which opened in 2012.
The settlement comes from a pool of money secured by a bankruptcy trustee, as ordered by a federal judge in 2014. The judge ruled that six former Emerald officers owed creditors $272 million for losing the company's gambling license, after they failed to comply with Illinois Gaming Board rules and regulations.
That Williams Street garage today serves the 200,000-square-foot Parkway Bank Park village entertainment district, much of it on the site envisioned for the casino. The garage has unused elevator shafts that were intended to transfer casino money to armored vehicles.
'We were in a negative position cash-wise,' said Mayor Brad Stephens. 'But we have a parking garage as an asset. We were never going to recoup the legal fees, but it's better than getting nothing.'
'We were handed lemons and made some pretty tasty lemonade,' he said of the entertainment district, which opened in 2012.
The settlement comes from a pool of money secured by a bankruptcy trustee, as ordered by a federal judge in 2014. The judge ruled that six former Emerald officers owed creditors $272 million for losing the company's gambling license, after they failed to comply with Illinois Gaming Board rules and regulations.
The casino site along the Tri-State Tollway was a flurry of construction activity in 2001 when regulators started investigating allegations of mob ties of potential Emerald investors. The state eventually revoked the corporation's gambling license after determining company officials lied about investors and withheld other key information they were required to disclose.
Meanwhile, the state's 10th gambling license ended up going to the operators of Rivers Casino, across the street from Rosemont in Des Plaines.
Rivers Casino In Rosemont Illinois
Of 100 different creditors, only a few are left, many having been paid by Emerald's bankruptcy trustee through previous settlements.
Three Rivers Casino Rosemont Il
There are still some unresolved claims in the lawsuit originally filed in June 2002 by the village and contractors. That includes a claim from the general contractor, which was a partnership between Degen & Rosato Construction Co. and Power Construction.
Rivers Casino Hotel Rosemont Il
Stephens said the village could have gone to trial on its claims related to the parking garage, but there was a risk of not getting any money, so officials agreed to settle.
