Approved management staff
The Illinois Gaming Control Board (IGCB) has approved the principal investors in the temporary Hard Rock Casino in Rockford, owner of the Dotty gambling café chain Dan Fisher, as well as Hard Rock International (HRI) CEO James Allen and HRI chief operating officer John Lucas. .
"This is a giant step forward. We are grateful to the State of Illinois and the Illinois State Gaming Board for their support. We are very excited to launch this project, starting with the construction of the temporary casino." - John Lucas, Chief Operating Officer, HRI
Last month, the regulator gave the green light to an $8.8 million project to build a temporary casino on the site of the former Giovanni's Restaurant and Convention Center. The 37,790-square-foot temporary project, comprising about 620 slot machines, two restaurants and a retail area, is expected to be completed within three months.
"It won't be long before we need people to join our team and we plan to share more details on how the community can get involved in the hiring process and supplier role in the coming days and weeks." - John Lucas, chief operating officer, HRI
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Financial contribution to the city
The temporary casino is expected to generate 15% or more of its net revenues for the city of Rockford, but at least $1.82 million in the first year of operation, and 5% or more, but at least $1.07 million in each subsequent year. .
Speaking about the project, Rockford Mayor Tom McNamara spoke about the enormous amount of work that has gone on behind the scenes and the time and energy spent to reach this point in the casino project.
The temporary casino is expected to run for about two years until construction begins on the $311 million permanent Hard Rockford Casino at the entrance to Interstate 90 and East State Street at the site of the former Clock Tower Resort.
According to information provided by the developer, the permanent site, which houses about 2,000 gaming seats on its floor, six restaurants and a conference centre, will create 1,000 well-paying, full-time jobs.
The IGCB has also approved five associates associated with the temporary casino project, as well as the owners of 815 Entertainment, the company that owns the temporary casino location, as additional investor-owners.