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Starting Jan. 1, Illinois media companies must report 120 days before out-of-state sale

4 months 1 week ago
(The Center Square) – Among the nearly 300 new laws set to take effect Jan. 1 in Illinois is one impacting potential sales of local media outlets to out-of-state buyers. Senate Bill 3592 passed the Senate in April. Sponsor of the bill, state Sen. Steve Stadelman, D-Rockford, said it requires local media outlets looking to sell to an out-of-state buyer to provide a 120-day notice to the state and their staff. β€œPrivate equity firms are coming and buying newspapers, consolidating them until they…
Greg Bishop

Congress exploring expansion of sports betting in Illinois, elsewhere

4 months 1 week ago
(The Center Square) – Illinois is one of 38 states that have legalized sports betting, and now Congress is getting involved. The U.S. Senate Judiciary Committee held a hearing Tuesday entitled β€œAmerica’s High-Stakes Bet on Legalized Sports Gambling.” Committee Chair Illinois U.S. Sen. Dick Durbin, D-Springfield, said while sports leagues once opposed sports betting, leagues, franchises and networks now partner with betting companies and have integrated gambling into sporting events and…
Kevin Bessler