Casino Sale Could Mean Paycheck For Gubernatorial Candidate

Apr 17, 2018

Credit Elgin Development Group

A deal has been struck to sell Illinois’ third highest-grossing casino, and that could mean a boon for Democratic gubernatorial candidate J.B. Pritzker.

Nevada-based Eldorado Resorts announced Monday a $327.5 million deal for the Grand Victoria Casino in Elgin. It’s co-owned by Chicago’s Pritzker family and MGM Resorts.

J.B. Pritzker’s campaign confirmed he holds a 1 percent overall stake in the casino, making his potential payout $3.27 million – pending Illinois Gaming Board approval.

State records show the Grand Victoria grossed $168.7 million last year.

Up until 2011, the Grand Victoria had been Illinois’ most dominant casino. But its financial heft slipped with the opening of the Rivers Casino in Des Plaines and legalization of video gaming machines.