Published:
April 6, 2011 11:29 am EDT
On Tuesday, April 5 in Indiana, a bill which would allow racino operators to own more than one such facility in the state cleared the Statehouse with multiple sponsors
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“Basically we really wanted parity with what you have in the riverboat industry,” Jeff Smith, CEO of Centaur LLC, Hoosier Park's parent company, was quoted as saying in an article by The Herald Bulletin
“In the riverboat industry, you can own two gaming facilities. This just puts us on the same footing as them.”
The report also states that Centaur’s bankruptcy reorganization awaits court approval, and Standard & Poor’s has warned that Indiana Live! may default on more than $500 million in debt.
(With files from The Herald Bulletin)
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