In Indiana, the construction schedule for a new casino planned for the city of Terre Haute may be jeopardized after government officials postpone approval to finance a 125 million dollar $ project just 7 miles from the Illinois state border.
Hard Rock International (HRI) chief operating officer Jon Lucas reportedly told the Indiana Gaming Commission on Tuesday that an internationally recognized company has agreed to develop and run the casino as part of Rocksino brand , a step that the regulator was asking before considering the casino's annual license renewal and approving the financial plan this month.
Management contract :
Earlier this month, HRI, which is owned by the Florida Seminole tribe and owned by the new nership group casino, Lucy Luck Gaming , formerly known as
Spectacle Jack LLC , signed a management contract for the planned Terre Haute Rocksino on the eastern side of town, approximately 165 miles south of the recently opened Northern Indiana Hard Rock Casino. HRI is the operator and co-owner of the new $ 300 million Gary casino in conjunction with the first land-based casino operator, The Hoosier State, Spectacle Entertainment .
Lucas reportedly told the IGC that the the breakthrough is likely to occur in late June or early July and will be open in late summer or fall 2022 . But before that happens, IGC will still need to approve the casino financing and renew the owner license that is held by Lucky Luck Gaming after having previously been assigned to one of the two Lake Michigan casino gaming boats in Gary which includes the Majestic Star. The casino, before closing permanently on April 28, 2021.
Another delay :
However, apparently members of the Gaming Commission voted to postpone the consideration of financing the project until the next meeting on June 24. According to an AP News report, the regulator is awaiting financial information from some of Lucy Luck Gaming's partners before renewing the casino's license.
This is not the first delay faced by the project at the end of January 2020, government officials postponed a February 7 hearing to approve the granting of a Terre Haute casino license to a group led by a longtime chief operating officer, hailing from Terre Haute and now vice president of Spectacle Entertainment, which was then the parent company of Spectacle Jack LLC. The latter, which was established in 2018, was the only company that applied for a license.
The license was deferred after IGC had obtained the details of the federal investigation into illegal campaign contributions which reportedly affected members of the Spectacle management team. As a result, Ratcliff and another top director, John Keeler, sold their shares in the group to Gibson last year.
A game of waiting :
According to AP News, Lucas and Murray Clark, a lawyer for Lucy Luck Gaming in Indianapolis, made their presentations ahead of the IGC vote on the deferral of the funding plan consideration. Clark reportedly told IGC it was Gibson negotiated commitments to finance the project with the Indiana Five Banks Association and expire June 30 th.
More than 600 employees are expected to be generated and more than $ 7 million is forecast to be generated for local government and business development, in addition to games, planned 100, 000 square area gambling facility will reportedly offer a variety of dining options including Hard Rock Cafe, 250 bars, a meeting and event venue, and more.