The revocation of the license 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 this and are due back, with bids and proposed 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 the chances of any town being selected as a casino site again.
A spokesman for the Town of Rosemont, Gary Mack, said the suburb remains interested -- and still has a casino site ready.
The state has forfeited $1 billion or more in tax revenue while the Emerald license has been unused.
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