Vigo County has learned the same is true for casinos.
The Indiana Gaming Commission on June 24 decided not to renew the gaming license for a Terre Haute company intending to operate a casino on the city s east side. That denial shell-shocked the community, especially the project s avid supporters. Plans were already in place for future benefits from the casino s revenues. An increase in visitors, activities and quality-of-life amenities felt like a certainty, rather than a possibility.
The Gaming Commission s decision hit like a splash of cold water. The commissioners appointed by Indiana s governors denied the license renewal for Lucy Luck Gaming to operate a Hard Rock International casino, saying the company fell short on two requirements: hiring an executive team to run the facility, and securing fully vetted financing.
Mayor pretty confident Vigo County will get casino
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Gary could lose $5M due to state decision to reissue Terre Haute casino license
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The parent company of the Hard Rock Casino Northern Indiana has until July 23 to get its house in order to avoid potentially being subject to the one of the severest actions available to the Indiana Gaming Commission.
According to IGC staff, Spectacle Entertainment lacks a full executive team and an industry recognized corporate structure, has several shareholders refusing to comply with IGC integrity rules, as well as other suitability issues linked to possible derogatory information involving former Spectacle executives. The fundamental basics of a casino company are not present, said Sara Tait, IGC executive director.
At the same time, the Hard Rock Casino is open and operating in Gary thanks to Spectacle s management agreement with Hard Rock International, which also owns a portion of the Gary casino separate from Spectacle.