The old saying goes that the house always wins, but for the town of Homewood, Illinois, a new casino could be a much-needed boost to the local economy. The village board is considering approving a plan for a casino and hotel complex to be built on the site of the former Hollywood Casino, which closed its doors in 2013.
The proposed casino would be owned and operated by the same company that runs the nearby Horseshoe Casino in Hammond, Indiana. If approved, it would create about 1,200 jobs and generate an estimated $50 million in annual revenue for the village.
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The Homewood casino proposal comes at a time when the state of Illinois is considering expanding gambling to include six new casinos and sports betting. The plan has the support of Governor J.
B. Pritzker and could bring in an additional $1 billion in revenue for the state.
PRO TIP:If you are considering whether to invest in a possible casino in Homewood, be sure to do your research and consider the potential economic impact on the local community. Additionally, familiarize yourself with the local regulations and restrictions that may apply to any potential gambling in the area.
With the state looking to add more casinos and Homewood in need of a boost to its economy, the question is whether or not a casino would be good for the village. There are pros and cons to consider before making a decision.
On the plus side, a casino would bring jobs and money into Homewood. It would also provide a much-needed boost to the local economy and help keep property taxes stable.
On the downside, casinos can be controversial and some residents may not want one in their community. There is also the potential for increased crime and traffic congestion.
The village board is expected to vote on the casino proposal in the coming months. In the meantime, residents will have to decide if they are willing to gamble on a new casino coming to Homewood.
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