Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Southwest Indiana – Evansville
    • Engage Northwest Indiana – Valparaiso
    • Engage Greater Lafayette – West Lafayette
    • Engage West Central Indiana – Terre Haute
    • Engage South Bend – Elkhart
    • Engage Northeast Indiana – Fort Wayne
    • Engage Central Indiana – Indianapolis
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

IGC to Consider Settlement in Gaming License Appeal

Thursday, November 11, 2021 12:23 PM EDT Updated: Thursday, November 11, 2021 03:09 PM EDT
By Alex Brown
IGC to Consider Settlement in Gaming License Appeal (rendering courtesy of Lucy Luck Gaming)

Just two days before the winning proposal for the open gaming license in Vigo County is set to be announced, the Indiana Gaming Commission will consider a settlement offer with the previous license holder. In June, the commission denied a license renewal for Terre Haute-based Lucy Luck Gaming, which had been developing a $175 million casino in Terre Haute.

In its ruling, the commission said Lucy Luck had not hired an executive team to run the casino and also did not have full financing secured for the casino’s operations, according to our partners at WTHI-TV. That came despite the company telling the commission in March that it had secured a financing package to complete the project.

Lucy Luck filed an appeal of the IGC’s decision, the result of which could be the settlement offer to be discussed at the commission’s business meeting on November 15. No other details are available aside from the settlement offer being listed on the agenda for the meeting.

The commission reopened applications for the license in July and received four proposals from Louisville-based Churchill Downs Inc. (Nasdaq: CHDN), Full House Resorts Inc. (NASDAQ: FLL), Hard Rock International, and a joint venture involving Mississippi-based Premier Gaming Group. 

The IGC is still expected to announce the winning proposal on November 17, though it is not clear if the settlement offer will have an effect on the decision.

Story Continues Below

Most Popular Stories

  • Holcomb makes multiple board, commission appointments

  • Indiana Golf ready to tee off on new HQ at Fort Ben

  • Indianapolis tech startup Overfuel acquires competitor

  • Rose-Hulman breaks ground on $30M residence hall

  • Strategic steps to take before you sell your company

  • Winnecke to lead Evansville economic development group

Perspectives

Strategic steps to take before you sell your company

Strategic steps to take before you sell your company

Before initiating the sale process, it's crucial to evaluate the financial health of your business. Prospective buyers will closely examine financial statements, profit margins, cash flow, and growth potential. Engaging a professional accountant or financial advisor can provide valuable insights to ensure your financial records are accurate and well-organized....

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service