An official with the Chapter 11 bankruptcy-filing Centaur LLC has stated that even though the company has moved to re-organize, it does not mean that the process to make the proposed Valley View Downs in Pennsylvania
a reality is over.
“We want to dispel the thought that this is a deteriorating situation for Valley View Downs,” Centaur’s chief financial officer Kurt Wilson was quoted as saying in an article on vindy.com.
Wilson was cited as saying that the bankruptcy filing was needed to protect a $50 million line of credit that Centaur must have available to pay the licensing fee for Valley View Downs if its casino-slots license is approved by the Pennsylvania Gaming Control Board.
The article also states that, according to Wilson, the project could be "up and running" next year and ground could be broken next spring.
Centaur LLC also owns Hoosier Park in Anderson, Illinois.
Click here to the read the vindy.com article in its entirety.
(With files from vindy.com)
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