CHICAGO – Illinois Gov. Pat Quinn on Monday vetoed a 2011 gambling expansion bill he has long criticized for lacking sufficient regulatory oversight and he warned in his veto message that more revenue from additional gambling won’t solve the state’s pension crisis.

The bill vetoed Monday would have allowed five new casino licenses and the installation of slot machines at horse racing tracks and Chicago’s airports, and harness racing at fairgrounds. The veto comes nearly two years after the bill was passed by the General Assembly.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.