ANDERSON, Ind.—The company that owns Indiana’s Hoosier Park casino and horse track has a settlement plan that could have it emerge from bankruptcy protection early next year.
The proposal with creditors comes as Indianapolis-based Centaur LLC is selling its Fortune Valley Hotel & Casino in Colorado and has auctioned off its Valley View Downs & Casino project near New Castle, Pa.
Hoosier Park general manager Jim Brown tells The Herald Bulletin that the corporate debt restructuring was needed after expansions and payment of a $250 million Indiana licensing fee to open the Anderson casino in 2008.
The Chapter 11 plan must still be approved by the federal court. Brown says the impact on Hoosier Park will be negligible and that it has had no layoffs.
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Information from: The Herald Bulletin,
