Peoria council rejects Boyd Gaming revenue-sharing agreement in Illinois
Peoria City Council rejected a proposed revenue-sharing agreement with Boyd Gaming in a 5-5 vote, according to the report. The proposal would have given the city about 2.25% of adjusted gross revenue from Boyd’s planned casino and hotel redevelopment, estimated by city officials to generate around $1.8 million. Peoria may resume talks or pursue litigation as the Illinois Gaming Board reviews Boyd’s plan.
The rejected agreement leaves unresolved the revenue terms and legal dispute surrounding Boyd’s planned casino redevelopment.