Gaming Commission Approves Casino License Transfer
INDIANAPOLIS - Indianapolis-based Spectacle Entertainment has cleared a key hurdle in its casino efforts in Indiana. The Tribune-Star reports the Indiana Gaming Commission has approved the transfer of the two Majestic Star casino licenses to the newly-formed company.
Spectacle late last year announced plans to acquire Majestic Holdco LLC, which previously owned the casino licenses. The company is led by former Centaur Gaming LLC Chief Executive Officer Rod Ratcliff and Terre Haute businessman Greg Gibson.
The commission's approval helps Spectacle's plans to merge the two Majestic Star riverboat casinos into one land-based casino in Gary. The second casino license would then be moved to Terre Haute where a new casino facility would be built.
The Indiana Gaming Commission can only vote on the transfer of ownership of licenses, according to the publication. A bill recently passed by the Indiana Senate that allows the license to be relocated to Vigo County is currently going through the Indiana House.
You can read more in the Tribune-Star by clicking here.