Ex-gaming CEO forced to give up casino stake
TOM DAVIES | Associated Press
INDIANAPOLIS – Indiana casino regulators voted Wednesday to force a longtime heavyweight in the state s gambling industry to give up his ownership stake in a Lake Michigan casino, saying he had continued exerting control over its parent company in violation of state orders.
The Indiana Gaming Commission s action against former Spectacle Entertainment CEO Rod Ratcliff follows a federal investigation into allegations of illegal campaign contributions by a business partner. It also casts doubt over Indianapolis-based Spectacle s construction of a new $300 million casino in Gary in partnership with Hard Rock International.
INDIANAPOLIS Indiana casino regulators voted Wednesday to force a longtime heavyweight in the state’s gambling industry to give up his ownership stake in a Lake Michigan casino, saying he had continued exerting control over its parent company in violation of state orders. The Indiana Gaming Commission’s action against former Spectacle Entertainment CEO Rod Ratcliff […]
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