- Haven Gaming LLC feeling strong about a Danville
- The Midwest lacks a high-quality casino resort,
the company believes
- Gambling demand grows despite falling results
Haven Gaming LLC is pushing boldly
ahead with a new elite casino resort in Danville. The company hopes to
establish a new elite casino resort in the area.
Danville Casino Project Arriving
Casino operator Haven Gaming LLC has revealed plans to invest in a new property in Danville, Illinois. The investment will be worth $230 million with the proposed casino project featuring 1,800 slots and 40 table games. Haven Gaming’s announcement comes at a time when revenue from the state’s 10 casinos has been steadily declining.
According to observers, the
investment may reach $250 million, as the proposed sum is a conservative
number. Meanwhile, Danville officials have already shown signs of enthusiasm
about the upcoming project. The potential benefits, they say, could be $21.7
million in revenue annually.
With Indiana launching sports betting on Thursday, October 3, Illinois has found itself surrounded by states where gambling is legal. Previously, only Nevada had a legalized industry, but this is changing very quickly.
Haven Gaming LLC is taking a risk,
some estimate, but the company had the chance to speak with Danville aldermen,
reassuring them that their project will achieve its financial goals.
Bringing Businesses Under the Same
Haven Gaming won’t rely on a
conventional casino business model. According to the company’s CEO Bill
Bembenek, casino-goers require much more from the experience as it is
today. That requires to come up with a new paradigm to allow them to enjoy
“Things have evolved dramatically since then, and what I mean by that, consumers, particularly casinogoers, demand more from a casino experience. This is more than just the typical casino experience.”
Bembenek has been backed by the
company’s attorney, Scotty Sypolt, who also elaborated on Haven’s plans
for their project. According to Sypolt, the mid-west was missing a high-quality
casino resort, which can quickly turn into a drawing point from across the
Not only that but competitors –
particularly from Mille Lacs Corporate Ventures – have also tried to make a
claim on Danville and install a casino resort. Located within 60 minutes’ drive,
the project provides great base for business, too, he estimates.
Plus, the Danville project would
have a solid local based to tap into, with residents in the area numbering some
2.4 million people.
Gambling’s ‘Crack Cocaine,’ Says
Not everyone was as happy, however.
UI professor Emeritus John Kindt has called gambling the crack cocaine
of young people and cautioned about the likeliness of people flocking to the
casino floors. Kindt similarly said that as young people seek new ways to gamble,
they would most likely take to mobile and online gambling as well.
He also pointed out to the
evolution of the industry – in the 1990s, casinos had to stay away from
populated areas, but this has changed significantly, with ‘the slots’ being
brought directly to students. More importantly, Kindt warned that 10% of the
younger generation has already showed signs of problem gambling:
“All of this is totally opposed to everything we teach. Why get a job? Get rich quick. Why get an education? Get rich quick. Students think they’re bullet-proof. They think they’re going to [sic] win.”
Haven’s objection is that gambling is already well-rooted in the region with 300-odd venues offering some for of gambling already. Despite a falling revenue, demand is only surging, a 2019 report from the Commission on Government Forecasting and Accountability has shown. Here are some of the numbers:
- Illinois is fourth in terms of GGR with $1.34
billion – behind Indiana ($2.11bn), Missouri ($1.73bn) and Iowa ($1.45bn) in
- Video gambling generates $1.59 billion in net
income from gaming terminals
- There are 32,000 gaming terminals as of the
2018/2019 fiscal year expected to increase to 35,000 in 2020
Revealing their plans a little more, Haven has said that people who are looking to choose a casino would consistently turn to projects that have a little more to offer in the way of food selection and gaming options.
The reason is quite simple, Sypolt
explains – ‘They get bored.’