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Meet Journal Star enterprise and authorities reporter JJ Bullock
Journal Star reporter JJ Bullock writes about native authorities, politics and enterprise in and round Peoria.
Boyd Gaming is working by way of the ultimate design and regulatory approval course of for its “modern, new entertainment facility” that may exchange the Par-A-Dice Riverboat Casino in East Peoria, Boyd Gaming CEO Keith Smith advised traders on Thursday.
Smith didn’t reveal any particular particulars in regards to the mission on a name with traders however did say if the brand new on line casino, the situation of which stays a thriller, receives regulatory approval this yr, development is anticipated to start in 2026.
The largest query that continues to be unanswered about Boyd Gaming’s new facility deliberate is that if will probably be on the Peoria or East Peoria aspect of the Illinois River. The reply to that query, which sparked a rift between the 2 cities, is probably going tethered as to if the brand new facility will likely be primarily based on land or water.
Boyd Gaming has not explicitly mentioned if the brand new on line casino will likely be constructed on land or water, however on an earnings name with traders in February, Smith mentioned the corporate anticipated constructing a $100 million facility much like the brand new Treasure Chest Casino they in-built Louisiana, which is a land-based facility.
The query of land-based vs. water-based essential due to an settlement that was signed between Peoria and East Peoria within the Nineteen Nineties that dictated any land-based on line casino constructed within the space needed to be in Peoria. Likewise, the settlement said that any water-based facility, reminiscent of the present riverboat, wanted to be in East Peoria.
Peoria’s leaders have pushed exhausting for a land-based on line casino — and the thousands and thousands of {dollars} in tax income that comes with it — to land within the metropolis. Officials from Peoria have mentioned potential areas for a land-based on line casino, which all fall close to interstates, with Boyd Gaming. The metropolis additionally employed a legislation agency and consulting agency to help in its quest for the on line casino.
No particular monetary particulars associated to the Par-A-Dice Casino had been mentioned within the name with traders, however Smith painted a really constructive image of Boyd Gaming’s funds. Total revenues had been up 4% within the second quarter, totaling $358 million, and up 3% within the Midwest/South area.
This web page was created programmatically, to learn the article in its unique location you may go to the hyperlink bellow:
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This web page was created programmatically, to learn the article in its unique location you…
This web page was created programmatically, to learn the article in its authentic location you…
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