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Harrah's Joliet
Harrah's Joliet is a riverboat casino in Joliet, Illinois, outside Chicago, operated by Caesars Entertainment. It has 1,138 slot machines, 204 hotel rooms, and 4 restaurants. History The city began a downtown revitalization effort called Joliet City Center in 1990. The plan called for a greater emphasis on the Des Plaines riverfront, including the construction of a slip for riverboat gambling, which had been legalized by the state earlier that year. Early discussions were held between Joliet and Harrah's, operator of casinos in Nevada and Atlantic City, but it was Missouri hotel developer John Q. Hammons who moved forward and was awarded the gaming license. Hammons then brought Harrah's on board to operate the business and own an 80 percent share. Hammons' stake was initially to be financed by Harrah's, but this led to concern from the Illinois Gaming Board that Hammons was "selling" the license, so Hammons used his own money and outside funding sources instead. Harrah's Jol ...
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Joliet, Illinois
Joliet ( ) is a city in Will County, Illinois, Will and Kendall County, Illinois, Kendall counties in the U.S. state of Illinois, located southwest of Chicago. It is the county seat of Will County, Illinois, Will County. It had a population of 150,362 at the 2020 United States census, 2020 census, making it the List of municipalities in Illinois, third-most populous city in Illinois. History In 1673, Louis Jolliet, along with Father Jacques Marquette, paddled up the Des Plaines River and camped on a huge earthwork mound, a few miles south of present-day Joliet. Maps from Jolliet's exploration of the area showed a large hill or mound down river from Chicago, labeled Mont Joliet. The mound has since been flattened due to mining. In 1833, following the Black Hawk War, Charles Reed built a cabin along the west side of the Des Plaines River. Across the river in 1834, James B. Campbell, treasurer of the canal commissioners, laid out the village of "Juliet", a corruption of "Joliet" t ...
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Des Plaines River
The Des Plaines River ( ) is a river that flows southward for U.S. Geological Survey. National Hydrography Dataset high-resolution flowline dataThe National Map , accessed May 13, 2011 through southern Wisconsin and northern Illinois''American Heritage Dictionary of the English Language,'' Fourth Edition in the United States US Midwest, Midwest, eventually meeting the Kankakee River west of Channahon, Illinois, Channahon to form the Illinois River, a tributary of the Mississippi River. Native Americans used the river as transportation route and portage. When French explorers and missionaries arrived in the 1600s, in what was then the Illinois Country of New France, they named the waterway ''La Rivière des Plaines'' (River of the Plains). The local Native Americans showed these early European explorers how to traverse waterways of the Des Plaines watershed to travel from Lake Michigan to the Mississippi River and its Mississippi Valley, valley. Parts of the river are now part ...
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Riverboat Casinos In Illinois
A riverboat is a watercraft designed for inland navigation on lakes, rivers, and artificial waterways. They are generally equipped and outfitted as work boats in one of the carrying trades, for freight or people transport, including luxury units constructed for entertainment enterprises, such as lake or harbour tour boats. As larger water craft, virtually all riverboats are especially designed and constructed, or alternatively, constructed with special-purpose features that optimize them as riverine or lake service craft, for instance, dredgers, survey boats, fisheries management craft, fireboats and law enforcement patrol craft. Design differences Riverboats are usually less sturdy than ships built for the open seas, with limited navigational and rescue equipment, as they do not have to withstand the high winds or large waves characteristic to large lakes, seas or oceans. They can thus be built from light composite materials. They are limited in size by width and depth of ...
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Caesars Entertainment
Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada, that operates more than 50 properties. Eldorado Resorts acquired Caesars Entertainment Corporation and changed its own name to Caesars Entertainment on July 20, 2020. History 1973–2000 The company traces its history back to the development of the Eldorado Hotel in Reno, which was opened on May 24, 1973, by a group of investors that included Don Carano and other members of the Carano family. On July 28, 1995, the Eldorado opened the adjacent Silver Legacy Resort Casino in partnership with Circus Circus Enterprises. The Eldorado companies were reorganized in 1996 as Eldorado Resorts LLC in connection with a $100 million bond offering. 2000–2020 In 2005, the company took over the bankrupt Hollywood Casino Shreveport in Louisiana, buying a 76 percent stake in the property for $154 million. It was then rebranded as the ...
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1993 Establishments In Illinois
The General Assembly of the United Nations designated 1993 as: * International Year for the World's Indigenous People The year 1993 in the Kwajalein Atoll in the Marshall Islands had only 364 days, since its calendar advanced 24 hours to the Eastern Hemisphere side of the International Date Line, skipping August 21, 1993. Events January * January 1 ** Czechoslovakia ceases to exist, as the Czech Republic and Slovakia separate in the Dissolution of Czechoslovakia. ** The European Economic Community eliminates trade barriers and creates a European single market. ** International Radio and Television Organization ceases. * January 3 – In Moscow, Presidents George H. W. Bush (United States) and Boris Yeltsin (Russia) sign the second Strategic Arms Reduction Treaty. * January 5 ** US$7.4 million is stolen from the Brink's Armored Car Depot in Rochester, New York, in the fifth largest robbery in U.S. history. ** , a Liberian-registered oil tanker, runs aground off t ...
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Casinos In Illinois
Casinos may refer to: * Casinos, Valencia, municipality in Spain * David Casinos (born 1972), Spanish Paralympian athlete * The Casinos, an American popular music group See also *Casino (other) A casino is a facility that houses and accommodates certain types of gambling activities. Casino may also refer to: Places * Casino, New South Wales, Australia ** Casino railway station, New South Wales, Australia ** The 20th-century electoral d ...
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List Of Casinos In Illinois
This is a list of casinos in Illinois. List of casinos Gallery Casino Queen.jpg, Casino Queen See also *List of casinos in the United States *List of casino hotels References External links {{Illinois Casinos Illinois Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. It borders on Lake Michigan to its northeast, the Mississippi River to its west, and the Wabash River, Wabash and Ohio River, Ohio rivers to its ...
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List Of Caesars Entertainment Properties
Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada, that operates more than 50 properties. Eldorado Resorts acquired Caesars Entertainment Corporation and changed its own name to Caesars Entertainment on July 20, 2020. History 1973–2000 The company traces its history back to the development of the Eldorado Hotel in Reno, which was opened on May 24, 1973, by a group of investors that included Don Carano and other members of the Carano family. On July 28, 1995, the Eldorado opened the adjacent Silver Legacy Resort Casino in partnership with Circus Circus Enterprises. The Eldorado companies were reorganized in 1996 as Eldorado Resorts LLC in connection with a $100 million bond offering. 2000–2020 In 2005, the company took over the bankrupt Hollywood Casino Shreveport in Louisiana, buying a 76 percent stake in the property for $154 million. It was then rebranded as the ...
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Corporate Spin-off
A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct from a sell-off, where a company sells a section to another company or firm in exchange for cash or securities. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original Capital stock, stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they t ...
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Slot Machine
A slot machine, fruit machine (British English), poker machine or pokie (Australian English and New Zealand English) is a gambling machine that creates a game of chance for its customers. A slot machine's standard layout features a screen displaying three or more reels that "spin" when the game is activated. Some modern slot machines still include a lever as a skeuomorphic design trait to trigger play. However, the mechanical operations of early machines have been superseded by random number generators, and most are now operated using buttons and touchscreens. Slot machines include one or more currency detectors that validate the form of payment, whether coin, banknote, voucher, or token. The machine pays out according to the pattern of symbols displayed when the reels stop "spinning". Slot machines are the most popular gambling method in casinos and contribute about 70% of the average U.S. casino's income. Digital technology has resulted in variations in the original slo ...
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Riverboat Casino
A riverboat casino is a type of casino on a riverboat found in several states in the United States with frontage on the Mississippi River and its tributaries, or along the Gulf Coast. Several states authorized this type of casino in order to enable gambling but limit the areas where casinos could be constructed; it was a type of legal fiction as the riverboats were seldom, if ever, taken away from the dock. History Paddlewheel riverboats had long been used on the Mississippi River and its tributaries to transport passengers and freight. After railroads largely superseded them, in the 20th century, they were more frequently used for entertainment excursions, sometimes for several hours, than for passage among riverfront towns. They were often a way for people to escape the heat of the town, as well as to enjoy live music and dancing. Gambling was also common on the riverboats, in card games and via slot machines. When riverboat casinos were first approved in the late 20th centu ...
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Chicago
Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of United States cities by population, third-most populous city in the United States after New York City and Los Angeles. As the county seat, seat of Cook County, Illinois, Cook County, the List of the most populous counties in the United States, second-most populous county in the U.S., Chicago is the center of the Chicago metropolitan area, often colloquially called "Chicagoland" and home to 9.6 million residents. Located on the shore of Lake Michigan, Chicago was incorporated as a city in 1837 near a Chicago Portage, portage between the Great Lakes and the Mississippi River, Mississippi River watershed. It grew rapidly in the mid-19th century. In 1871, the Great Chicago Fire destroyed several square miles and left more than 100,000 homeless, but ...
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