Who owns Rivers Casino in Des Plaines: An Insight into its Ownership and Impact

Introduction:

Rivers Casino in Des Plaines, Illinois, has become a popular destination for gamblers and entertainment enthusiasts alike. But who owns this iconic casino, and what impact does its ownership have on the local community? In this article, we will delve into the details of the casino's ownership and explore its significance in the region.

1. Ownership of Rivers Casino in Des Plaines

Rivers Casino in Des Plaines is owned by the Mashantucket Pequot Tribal Nation. The Mashantucket Pequot Tribal Nation is a federally recognized Native American tribe based in Mashantucket, Connecticut. The tribe acquired the casino in 2003 and has since been operating it successfully.

The Mashantucket Pequot Tribal Nation is one of the most successful tribes in the United States, with a long history of economic development. The tribe's casino operations have generated significant revenue and have become a major source of employment and economic growth for the region.

2. Economic Impact of Rivers Casino in Des Plaines

Rivers Casino in Des Plaines has had a significant economic impact on the region since its opening in 2009. According to a study by the University of Illinois at Chicago, the casino has generated more than $1 billion in economic activity for the area.

The casino has created thousands of jobs, both directly and indirectly. The direct employment includes positions such as dealers, servers, and security personnel, while the indirect employment includes jobs in the hospitality, retail, and construction industries.

Furthermore, the casino has also contributed to the tax revenue of the state and local governments. In 2018, the casino paid $40 million in state and local taxes, which is a substantial amount that helps fund public services and infrastructure projects.

3. Community Involvement and Benefits

The Mashantucket Pequot Tribal Nation has been committed to the community of Des Plaines since acquiring the casino. The tribe has invested in various community initiatives and programs to support local residents and businesses.

One of the notable programs is the Rivers Casino Scholarship Fund, which provides financial assistance to eligible students pursuing higher education. The fund has helped hundreds of students in the region, promoting education and economic mobility.

Additionally, the tribe has partnered with local organizations to support community events, health programs, and other initiatives. The casino has also sponsored local sports teams and events, fostering a sense of pride and community spirit.

4. The Future of Rivers Casino in Des Plaines

Rivers Casino in Des Plaines has been a success story, and the Mashantucket Pequot Tribal Nation has plans to continue its growth and expansion. The tribe has announced plans to invest $100 million in a new entertainment venue at the casino, which will feature a luxury hotel, additional gaming space, and a wide range of entertainment options.

The expansion is expected to create more jobs and further boost the local economy. It will also enhance the overall experience for visitors, making Rivers Casino in Des Plaines an even more attractive destination.

5. Questions and Answers

Q1: How did the Mashantucket Pequot Tribal Nation come to own Rivers Casino in Des Plaines?

A1: The Mashantucket Pequot Tribal Nation acquired the casino in 2003, after the Illinois Gaming Board approved their bid to operate the facility.

Q2: What has been the economic impact of Rivers Casino on the region?

A2: The casino has generated more than $1 billion in economic activity, created thousands of jobs, and contributed significantly to the tax revenue of the state and local governments.

Q3: How has the tribe invested in the community of Des Plaines?

A3: The tribe has invested in various community initiatives, including the Rivers Casino Scholarship Fund, supporting local organizations, and sponsoring community events and sports teams.

Q4: What is the future expansion plan for Rivers Casino in Des Plaines?

A4: The tribe plans to invest $100 million in a new entertainment venue, which will feature a luxury hotel, additional gaming space, and a wide range of entertainment options.

Q5: How has the casino's ownership by the Mashantucket Pequot Tribal Nation impacted the Native American community?

A5: The casino's ownership has allowed the tribe to generate significant revenue, which has been used to support economic development, education, and other initiatives for the Native American community.

Conclusion:

Rivers Casino in Des Plaines, owned by the Mashantucket Pequot Tribal Nation, has become an economic powerhouse for the region. Its ownership has not only brought significant economic benefits but has also fostered community involvement and investment. As the casino continues to expand and grow, its impact on the local community is expected to remain positive, creating a thriving and prosperous area for years to come.