(CHICAGO) -- Mayor Rahm Emanuel and state legislators -- faced with crippling budget deficits -- want Chicago to become the first big city in America to own a casino and control thousands of slot and video poker machines.
The Illinois legislature has already approved such a plan, allowing five casinos in Chicago, its suburbs, and downstate cities, but Gov. Pat Quinn is holding the veto card and he's worried about turning Chicago into Las Vegas of the Midwest.
Illinois voters, Quinn says, do not favor "excessive gambling," but he has not publicly said whether he will veto the plan.
Chicago's new mayor, like his predecessor, sees a city-owned casino generating hundreds of millions of dollars in revenue each year -- money that could be used to help fill a nearly billion-dollar deficit. Potential developers are already eying possible sites downtown, including the once-grand Congress Hotel on Michigan Avenue, the gleaming new Trump tower in the River North neighborhood, and Northerly Island.
Opponents fear a casino will divert revenue away from local venues and the city's strong convention business.
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