Competition heating up for the new Terre Haute Casino
A new casino is eventually coming to Terre Haute, Indiana, but that has been the case for the last few years.
This project has come with nothing but problems, but it appears that progress could start rolling again here soon.
The reason for the current delay is that the casino project doesn’t currently have a top investor, and that means that there is no money flowing in. The Indiana Gaming Commission continues to seek for a new company to jump on board, and the IGC is going to have some options.
The IGC announced that there would be a deadline of September 22 for companies wishing to submit a bid, and there were four applicants that submitted one. The four companies are Churchill Downs, Full House Resorts, Hard Rock, and Terre Haute Entertainment, LLC.
Even though the IGC has made it clear that they have already started to review all of the applications that were turned in, a decision might not be made until the end of the year. The IGC can’t afford to make a wrong decision here as that part of Indiana has been waiting for this casino for a long time.
Lucy Luck Gaming was initially going to be the company that operated this new property, and it would be under the Hard Rock name. The IGC chose to remove Lucy Luck from the project completely after it took them too long to find a leadership group.
There have been a handful of issues with casino partners in the state over the last 12 months, and it has caused a number of construction delays. The IGC has also implemented a new rule regarding disclosing financial information after there were some issues with a major company in the state.
A Look at the Four Options
Hard Rock is hoping to stay involved with this project, and it would ultimately be their second casino that is launched in the state. They recently launched a major casino in Gary, and this property was supposed to be treated like a satellite location.
Even though Hard Rock has had some issues with partners over the last year, this company remains in good standing with the IGC.
Churchill Downs is hoping to break into the Indiana gambling scene for the first time as it doesn’t currently have a presence in the state. This company is most known for hosting the Kentucky Derby each year, but it also has some retail and online betting options throughout the US, even online with the TwinSpires sportsbook.
Premier Gaming Group is a part of the Terre Haute Entertainment company, and it has a history in the Indiana gaming industry. The president of Premier Gaming, Kevin Preston, has spent time working at casino properties in the state, and he has a good reputation with the IGC.
Full House Resorts already owns and operates the Rising Star Casino in the state. This company has strong ties to the Indiana sports betting scene as well, and that aspect could play a role in this decision.
For more sports news and updates on legal sports betting in Indiana, check out more stories on our blog.
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