Indiana Gaming Commission to consider settlement next week for Lucy Luck Gaming

Local News

INDIANAPOLIS (WTWO/WAWV) — The Indiana Gaming Commission is scheduled to consider a settlement at 2:30 p.m. on Monday, Nov. 15 from Lucy Luck Gaming.

Lucy Luck Gaming is the company of local businessman Greg Gibson that originally held Vigo County’s casino license. However, over the summer the license came up for grabs again after the IGC denied Lucy Luck’s renewal, a move the company then appealed.

According to the official order document from the ruling not to renew the license, the IGC found Lucy Luck to be ineligible for license renewal after “extensive review and considering all statutory and regulatory qualifications for renewal”. The IGC also expressed concern that Lucy Luck’s financing was incomplete. It was also noted that an executive team has not yet been established.

On the agenda for the IGC’s Monday meeting is a settlement offer under the heading of Lucy Luck. This comes two days before a meeting in which the IGC said it intended to award the casino license to one of the four new companies that have applied.

One of the four companies who has applied for the new license is Hard Rock Terre Haute, LLC, of which Gibson is a joint venture partner. In the weeks since the IGC released the four applicant proposals, many Vigo County officials and elected leaders have expressed their support for Hard Rock, including the Terre Haute City Council, the Vigo County Capital Improvement Board and the Vigo County Commissioners.

The final decision of who will be awarded the new license will be announced by the IGC during a meeting on Nov. 17. The IGC has asked for public input on the applicants and will allow each applicant an allotted amount of time to make presentations during the meeting before a final decision is made.

Applications for the license were due to the IGC on Sept. 22, with four companies putting their proposals in for consideration:

  • CDITH, LLC (Churchill Downs)
  • FHR-Atlas LLC (Full House Resorts, Inc.)
  • HR Terre Haute, LLC (Hard Rock)
  • Terre Haute Entertainment, LLC (Premier Gaming Group and Terre Haute Entertainment Holdings

Applicants were required to submit a proposal to the commission detailing “the proposed gaming facilities and proposed nongaming amenities, including any lodging facilities, dining facilities and retail facilities, at the proposed casino” as well as pay a $50,000 fee. Existing Indiana casino owners had to submit a new application, but could reference their one on file with the IGC.

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