With the objective of relocating one of Gary’s casinos to Terre Haute, earlier in the week an Indiana House panel made some significant changes to a gambling bill.
As per reports, to advance the amended legislation to the House Ways and Means Committee, on Wednesday, March 28th, the House Public Policy Committee voted 12-0.
According to the changes made in the legislation, it made some tough new requirements for Spectacle Entertainment’s plans to shift one of it’s casino from Lake Michigan to an inland Gary location and the other one its two Majestic Star casinos in Gary to Terre Haute.
However, according to the conditions of the changes, Spectacle Entertainment would have to give up a license for one of its two casino’s and will be permitted to move the other casino to an inland Gary location provided it pays the Indiana Gaming Commission $100 million.
Reports also state that the license of the casino which Spectacle Entertainment will give up shall then be auctioned off for a casino in Terre Haute.