2024.07.12
downstream casino phoneCaesars wants to move its Horseshoe Southern Indiana riverboat onto drier land to protect against flooding, but might reconsider the planned million project unless the state gaming commission delivers it a favorable ruling. But under a fuzzy state gaming law, the Las Vegas-based casino giant could be on the hook to pay a million transfer fee for the venues.According to communications obtained by the Indianapolis Business Journal, Caesars EVP and General Counsel Tim Donovan wrote in an email this month to IGC Executive Director Sara Gonso Tait that read, “Caesars is now facing some very difficult decisions with regard to its proposed million investment in southern Indiana.”Indiana gaming law mandates that when a casino license is transferred, a million fee is required to complete the deal. Wynn Resorts on Monday dropped its six-year-long court battle with its former majority shareholder, the Japanese pachinko magnate Kazuo Okada. code share double down casinoIts staff, however, seemingly has.“The commission staff has reviewed the document submitted by Caesars, and we respectfully disagree with their conclusion,” IGC Deputy Director Jennifer Reske said in a state memo. “Commission stphone number soaring eagle casinoaff has conducted a thorough review of the applicability of the fee, and it is staff’s position that the fee does apply.”However, Reske added that the IGC staff’s role, which she and Tait are a part of, is to simply make recommendations to the seven-member Commission. But under a fuzzy state gaming law, the Las Vegas-based casino giant could be on the hook to pay a million transfer fee for the venues.According to communications obtained by the Indianapolis Business Journal, Caesars EVP and General Counsel Tim Donovan wrote in an email this month to IGC Executive Director Sara Gonso Tait that read, “Caesars is now facing some very difficult decisions with regard to its proposed million investment in southern Indiana.”Indiana gaming law mandates that when a casino license is transferred, a million fee is required to complete the deal. zynga poker install 88 free slot gamesfoxwoods resort casino job openings“Commission stphone number soaring eagle casinoaff has conducted a thorough review of the applicability of the fee, and it is staff’s position that the fee does apply.”However, Reske added that the IGC staff’s role, which she and Tait are a part of, is to simply make recommendations to the seven-member Commission. Caesars is planning a million project to replace “The Boat,” as the Horseshoe Southern Indiana is commonly called.The vessel that presently sits in the Ohio River near Louisville, Kentucky, was recently closed for five days due to severe flooding. “Commission stphone number soaring eagle casinoaff has conducted a thorough review of the applicability of the fee, and it is staff’s position that the fee does apply.”However, Reske added that the IGC staff’s role, which she and Tait are a part of, is to simply make recommendations to the seven-member Commission. table games at empire casinoHowever, there are a few exceptions, with the most notable being when the issuer has filed for bankruptcy.In 2010, just two years after Centaur obtained its gaming licenses, the company filed for Chapter 11 bankruptcy. Its staff, however, seemingly has.“The commission staff has reviewed the document submitted by Caesars, and we respectfully disagree with their conclusion,” IGC Deputy Director Jennifer Reske said in a state memo. (Image: WDRB)Last fall, Caesars agreed to purchase Hoosier Park in Anderson and Indiana Grand in Shelbyville from Centaur Gaming for .7 billion. turtle creek casino tribe golden nugget casino gameriver spirit casino resort events(Image: WDRB)Last fall, Caesars agreed to purchase Hoosier Park in Anderson and Indiana Grand in Shelbyville from Centaur Gaming for .7 billion. Caesars wants to build a casino resort that is better protected against Mother Nature, but the company might abandon those plans unless the million is waived.Attorney Elizabeth Cierzniak, who is representing Caesars in Indiana, recently left a voicemail for the IGC obtained by the Indianapolis Business Journal that declared, “If we don’t get a favorable resolution of this … they’re (Caesars) going to have to reconsider the entire investment.”The Indianapolis Business Journal obtained the communications through an open records request.IGC Verdict TBD The Indiana Gaming Commission hasn’t formally decided whether the million fee applies. However, there are a few exceptions, with the most notable being when the issuer has filed for bankruptcy.In 2010, just two years after Centaur obtained its gaming licenses, the company filed for Chapter 11 bankruptcy. Caesars wants to build a casino resort that is better protected against Mother Nature, but the company might abandon those plans unless the million is waived.Attorney Elizabeth Cierzniak, who is representing Caesars in Indiana, recently left a voicemail for the IGC obtained by the Indianapolis Business Journal that declared, “If we don’t get a favorable resolution of this … they’re (Caesars) going to have to reconsider the entire investment.”The Indianapolis Business Journal obtained the communications through an open records request.IGC Verdict TBD The Indiana Gaming Commission hasn’t formally decided whether the million fee applies. Caesars is planning a million project to replace “The Boat,” as the Horseshoe Southern Indiana is commonly called.The vessel that presently sits in the Ohio River near Louisville, Kentucky, was recently closed for five days due to severe flooding. Caesars wants to build a casino resort that is better protected against Mother Nature, but the company might abandon those plans unless the million is waived.Attorney Elizabeth Cierzniak, who is representing Caesars in Indiana, recently left a voicemail for the IGC obtained by the Indianapolis Business Journal that declared, “If we don’t get a favorable resolution of this … they’re (Caesars) going to have to reconsider the entire investment.”The Indianapolis Business Journal obtained the communications through an open records request.IGC Verdict TBD The Indiana Gaming Commission hasn’t formally decided whether the million fee applies. firekeepers casino exit free slot machines vegas style |