Kenosha City Council to vote on casino proposal on Wednesday – Kenosha News
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Thinking about booking a trip to Sin City? Looking for the best locations, dining experiences, luxurious pools and cheapest hotels on the strip? Tourists can often be fooled by the allure of casinos and tall hotel buildings, so here are eight helpful tips for booking your trip.
It’s going to be a busy week for the members of the Kenosha City Council.
The council is scheduled to consider and vote on a multi-million dollar intergovernmental agreement with the Menominee Tribe’s gaming authority on Wednesday at 7 p.m. at the Municipal Building, 625 52nd St.
The Menominee would own the casino and its related facilities, and Hard Rock would serve as developer and manager of the project proposed just west of Interstate 94 on about 60 acres of land.
The Kenosha City Council voted unexpectedly in November to defer a vote on the agreement until this week so council members had more time to review the matter and hear from concerned constituents.
The tribe’s gaming authority wants to develop a casino, hotel, restaurants and similar amenities on about 60 acres of land just west of Interstate 94 in the City of Kenosha.
The Menominee, which announced last year it would partner with Hard Rock International to relaunch the tribe’s efforts to open a venue, would own the estimated $360 million casino and its related facilities, and Hard Rock would serve as developer and manager of the project.
Under the agreement, the tribe intends to apply to the U.S. Department of the Interior to place the land proposed for the casino in federal trust for the purposes of casino gambling.
On Thursday, the City Plan Commission is scheduled to vote on a conditional use permit for Kenosha Midpoint Center, a proposed 93,840 square-foot multi-tenant retail development at the northwest corner of 71st Street and 122nd Avenue near the proposed casino property.
It’s the commission’s final hearing on the matter. During the initial hearing in early December commissioners expressed support for it.
Kenosha Commerce Center LLC is hoping to build the Kenosha Midpoint Center at the northwest corner of 71st Street and 122nd Avenue, according to city documents.
A Baltimore, Md.-based development firm is seeking approval to construct three multi-tenant commercial/retail buildings on the vacant property. The conditional use permit is the first phase of a larger development which could include more buildings in future phases, according to city documents.
City staff recommended approval from the commission.
The Kenosha City Plan Commission is scheduled to review a conceptual plan for a three story, 46-unit senior apartment complex at 1800 60th Street. The site formally housed a motel that was razed in 2004. The city owns the property.
The commission, which includes three aldermen, is also scheduled to review a conceptual plan for a three story, 46-unit senior apartment complex at 1800 60th Street. The site formally housed a motel that was razed in 2004. The city owns the property.
It may appear that most states now have their own online versions of Vegas, where players can place bets in virtual casinos or on sports. But in reality, the online offshoot of brick-and-mortar gambling is still in its infancy. Despite the proliferation of online sports betting in many states, playing casino games online still has a long way to go. Nevertheless, there are many ways to gamble on the internet.
The Game Day Casino broke down the different types of online gambling and the legality of each, including casinos, poker, and sports betting across the U.S., citing data from The American Gaming Association (AGA), US Bets, and reporting by Bloomberg, the Associated Press, and iGB.
The virtual world of gambling, or “iGaming” in AGA’s terminology, is multifaceted and comprises traditional casino games like poker, slots, and blackjack. It doesn’t include online sports betting, where players wager on the outcome of matchups in traditional sports like football, soccer, baseball, or sometimes esports. Although, bettors can also gamble on the outcomes of political elections.
As the term suggests, “online [or] mobile sports betting” is distinct from “retail sports betting,” which takes place in physical locations such as casinos and sports venues.
While many legal gambling avenues exist, the illegal online gambling market remains problematic in the U.S. AGA estimates that bettors wagered $68.3 billion in sports bets (largely placed online) with illegal bookies and offshore sites. Americans bet another $337.9 billion on illegal iGaming websites.
However, a 2018 Supreme Court decision opened the floodgates of legal online sports betting that had been stymied for years. Now, nearly 1 in 2 bettors who usually play with illegal operators plan to move to regulated operators.
Close to half of the states have embraced the 2018 online sports betting laws to bolster their coffers. In contrast, since the U.S. began permitting online gambling within state borders in 2014, only eight states have legalized casino games or poker as of September 2023. Adoption has been slow for legalized online casino games, but it continues to grow.
In 2022, AGA reports online casino revenue reached $5.02 billion, an increase of 35.3% from the previous year. So why aren’t more states all-in, putting their chips down to increase their cash flow?
Since courts overturned the sports betting ban in 2018, 24 jurisdictions have legalized online sports betting from any location. The industry has become so popular and visible that it’s hard to escape even for those who don’t gamble. Nielsen reports that the online gambling advertising spend in local television skyrocketed from $10.7 million market in 2019 to $153.62 million in the first quarter of 2021, the few years following sports betting’s legalization.
The jurisdictions that rode the initial wave of online sports betting experienced a major boom in the COVID-19 pandemic. At the time, dollars waged on mobile sports betting overtook land-based bets, according to a Bloomberg analysis of Sportshandle.com data.
New York was undoubtedly at the top of that heap. In 2022, the state brought $1.37 billion, or nearly $1 of every $5 of revenue from online sports betting in the U.S., according to the AGA. In just the first six months, New York made $267 million in tax revenue.
Sportsbooks made online sports betting the norm, benefitting from increasing partnerships with professional and college sports teams, investments from media outlets like Fox and ESPN, and other major publications like The Washington Post and The Boston Globe increased their focus on sports betting by publishing analyses and data.
The industry blossomed so rapidly that a New York Times investigation looked at whether consumers had adequate protections from the deluge of online sports betting advertising and pointed out how the industry’s attempts to self-regulate have fallen short. Some states like Ohio, however, have had stronger stances. Gov. Mike DeWine stepped in to double Ohio’s sports betting tax to damper the saturation of ads.
State taxes on online sports bets vary greatly, which affects every state’s revenues.
Iowa and Nevada tax rates are only 6.75% for land-based and online operations, whereas New York imposes tax rates as high as 51%. New York also taxes businesses based on gross revenue rather than profits—even free bets offered to players are counted in an operator’s total revenue, shooting tax payments up to 77%, according to the Tax Foundation.
Nevertheless, in 2022, the state earned more than $693 million in taxes. How much a state makes greatly depends on how high a tax it levies.
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The Menominee would own the casino and its related facilities, and Hard Rock would serve as developer and manager of the project proposed just west of Interstate 94 on about 60 acres of land.
Kenosha Commerce Center LLC is hoping to build the Kenosha Midpoint Center at the northwest corner of 71st Street and 122nd Avenue, according to city documents.
The Kenosha City Plan Commission is scheduled to review a conceptual plan for a three story, 46-unit senior apartment complex at 1800 60th Street. The site formally housed a motel that was razed in 2004. The city owns the property.
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