Officials behind a new casino in Terre Haute have provided an update on the project. Our partners at WTHI-TV report Lucy Luck Gaming Chairman Greg Gibson told the Indiana Gaming Commission this week the company has secured a financing package to complete the $175 million casino.
Gibson said the package involves five Indiana banks, though the names of the banks were not given. He also addressed the casino operator’s name change from Spectacle Jack, saying the previous name was causing confusion with the troubles faced by Indianapolis-based Spectacle Entertainment.
The presentation to the commission also included Terre Haute Mayor Duke Bennett and State Representative Alan Morrison (R-Brazil). Gibson echoed statements from both regarding the tourism benefit to the city and region.
“The possibility of a gaming facility for Terre Haute is what drew me in to this venture,” Gibson said. “I love Terre Haute and I saw this as an opportunity to bring a transformational project to my community that will cultivate unlimited benefits and help the entire state.”
Bennett said the project will generate about $4.6 million annually for the local government, more than half of which will be distributed to the Vigo County School Corp.
The casino, nicknamed the “Rocksino,” is expected to open in 2022.