top of page

Investors pitch second horse track, casino for $300M south suburbs project

A team of investors called Greenway Entertainment wants to bring some competition to Hawthorne Race Course in the south suburbs.


Greenway is targeting Richton Park with a proposal to build a horse racing track and casino, and Illinois lawmakers have started opening a path that could move the project forward, the Chicago Tribune reported. The site for the $300 million pitch is just a few miles from Wind Creek Hospitality’s planned 64,000-square-foot casino in Homewood and Hazel Crest that could run up to $440 million in development costs, with at least one if not two hotels coming to the site.


But its main competition might come from Hawthorne Race Course in Cicero, which currently has the power to veto any “racino” proposal within a 35-mile radius. But state officials are proposing a bill that would eliminate that power, paving the way for Greenway’s development plans for the south suburb.


11 views

Recent Posts

See All

$250 Million Construction Loan & Sale-Leaseback

(CHICAGO), August 29th, 2023—O’Rourke LLP client 815 Entertainment, LLC (“815”) has entered into a tax-advantaged sale-leaseback transaction with Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“G

Walker's Bluff Casino Resort Opens August 25th

(CHICAGO), August 25th, 2023—O’Rourke LLP client Walker’s Bluff Casino Resort has opened to the public as of Friday, August 25 at 12:00 PM following a ribbon-cutting ceremony at 11:45 AM, marking a si

Comments


bottom of page