The Illinois Gaming Board hopes to sell the state’s only available casino license by the end of the year, with a goal of finally getting revenue out of the long-dormant license by next summer.

State gambling regulators Wednesday laid out the latest plans to sell Illinois’ 10th casino license, which was revoked from Emerald Casino amid allegations of mob ties and lies to gaming officials.nois Gaming Board hopes to sell the state’s only available casino license by the end of the year, with a goal of finally getting revenue out of the long-dormant license by next summer.

State gambling regulators Wednesday laid out the latest plans to sell Illinois’ 10th casino license, which was revoked from Emerald Casino amid allegations of mob ties and lies to gaming officials.

The revocation process began in 2001 and only ended last November when the state Supreme Court declined to hear Emerald’s appeal.

Applications to buy the license will go out Friday and are due back, with bids and site locations, in late September or early October. A winner will be picked from three finalists, who will get a chance to increase their offers.

Gaming Board Chairman Aaron Jaffe said he wouldn’t speculate on Rosemont’s chances of being selected as a casino site again. Rosemont spokesman Gary Mack said the suburb remains interested — and still has a casino site ready. The state has lost $1 billion or more in tax revenue while the Emerald license has sat unused.

SunTimes