Indiana Casino Squabble Not Profitable Like Trump Fiasco
The unusual squabble between the current partners developing a casino in French Lick, Indiana might seem reminiscent of the situation just last year involving Trump Hotels & Casino Resorts.
In that case, the Indiana Gaming Commission had picked Trump's pitch for the project over two other choices, despite the company's significant financial issues. Eventually, Trump declared bankruptcy and a new executive director of the commission, Ernie Yelton, could never get the company to fully commit to the project; therefore, the state never signed the contract for the casino.
That's when the state restarted the bidding process. This time, though, only one bidder emerged, one offered by the partnership of Bloomington-based Cook Group and Indianapolis-based Lauth Property Group.
June 25, 2006
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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