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Navigating Chicago's Casino Deal: Financial Complexities and Tax Implications
This chapter explores the intricate financial operations tied to Chicago's new casino deal, focusing on the vulnerabilities of junior partners amid senior partners' control of proprietary data. It further investigates the tax implications of investment structures, including the treatment of subordinated loans, and the importance of professional tax guidance. Through personal anecdotes and industry insights, the author reflects on their experiences within the gaming sector and specific investment strategies.