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Four new casinos in Chicago a possibility

The Gov. Rod Blagojevich announced yesterday that he will back up gambling legislation for four new casinos in the Chicago area.

Four new casinos in Chicago a possibilityBlagojevich, who put a strong opposition to the Mayor Daley's plan for a casino in Chicago in 2004, is justifying his new stand on the issue with additional business taxes to fund health care, schools and mass transit.

The Governor and the Senate President Emil Jones are backing up a $5 billion plan which calls for three riverboat licenses to be authorized for Waukegan, the south suburbs, and some point within an eight-mile radius of O'Hare Airport, plus Chicago would get a casino, as well.

Under this gambling legislation, 2% of revenues, estimated $40 million, from the four casinos will go to Chicago State University, an provision attacked by the republicans in the state Senate. The four casinos in Chicago are expected to take about $2 billion in yearly revenue.

The bill went out of Senate committee by a vote of 8-5.


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