Could video slot machines come to Glenwoodie?

2013-09-10T22:15:00Z 2013-09-10T22:15:13Z Could video slot machines come to Glenwoodie?PAUL CZAPKOWICZ Times Correspondent nwitimes.com
September 10, 2013 10:15 pm  • 

GLENWOOD | The Village Board heard a presentation Tuesday that may lead to video gambling in the clubhouse of the village-owned Glenwoodie Golf Course.

John McQueeney, a sales representative for Tangent Gaming Capital, said any establishment in Illinois that serves alcohol that is consumed on the premises is entitled to have five legal slot machines.

He said Tangent Gaming Capital wants to act as terminal operator and provide the games, as well as a cash redemption machine.

"So nobody in your establishment would ever be touching money," he said.

McQueeney said the maximum bet on the machines is $2 and the most an individual can win at any one time is $500.

He said the games are required to pay out at least 80 percent of what they take in and that they are currently paying out about 92 percent.

"This really isn't gambling if you're getting 92 percent of your money back," McQueeney said. "It's kind of fun."

He said having the machines at the clubhouse would cause people to come in earlier, stay later and visit for lunch and dinner.

No one under the age of 21 could have access to the gambling machines.

McQueeney said no one company can legally offer higher percentages than another. He explained the state share is a 25 percent tax. The village would receive a 5 percent tax, and the remainder after earnings are paid out would be split evenly between the terminal operator and the establishment.

McQueeney said video gaming is a form of entertainment and that the odds of winning are much higher than playing the lottery.

Tangent Gaming Capital is asking the village to enter into a five-year contract.

Village Attorney John Donahue said the village can end the contract at any time, but with one caveat.

"If we ever restart it, we'd have to go back with Tangent," Donahue said.

The Board is expected to consider the agreement with Tangent Gaming Capital at the Sept. 17 Village Board meeting.

But regardless of what decision is reached, it will be some time before games are at Glenwoodie.

Trustee Paul Styles asked McQueeney when the games would go in if the contract is approved next week, and McQueeney said it is an eight-month application process with the Illinois Gaming Board.

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