Published:
July 9, 2012 03:00 pm EDT
It has been reported that The Cordish Co. and the new operator of Indiana Downs and its racino have reached a multi-million dollar settlement, which will also make it easier for Indianapolis Downs LLC to have its reorganization plan approved at a scheduled August 22 hearing.
An article by the Indianapolis Business Journal has explained that the two parties had previously failed to find common ground on multiple issues over a licensing agreement.
The IBJ report explains that Indianapolis Downs LLC is asking the bankruptcy judge to hold a hearing on July 17 for approval of the settlement.
(With files from the IBJ)
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