Full House Resorts has sued the Indiana Gaming Commission over the latter’s decision to award the Vigo casino license to Churchill Downs last November 17th.
In its complaint filed last Friday at the Marion County Superior Court 2 in indianapolis, Full House argued that the hearing contravened Indiana’s Open Door Law because the Gaming Commission adjourned into an executive session to discuss the proposals in the middle of the hearing.
According to the lawsuit:
“After the mid-Hearing executive session, which contravenes the Open Door Law, the Commission returned to the Hearing. Without any public debate, comment, discussion or explanation, the Commission voted to deny Full House’s application and grant Churchill’s application.”
The complaint also argued that Full House had the more desirable package and that Churchill Downs’ proposed site was a far less visible site plus its rooftop bar overlooks a county jail and a sewage treatment facility.
Full House’s Proposal
Full House Resorts submitted a $250 million casino proposal named American Place. The proposed casino was intended to be built on 32 acres of land located at 5995 East Margaret Avenue, near Interstate 70 and U.S. 40/Indiana 46 intersection.
The proposal called for 100,000 square feet of gaming area with 1,000 slots and 50 gaming tables. Aside from the casino, the project included a 100-room hotel and a glass ‘green house’ restaurant. The project was to create a total of 1,800 construction jobs and 800 permanent jobs and generate an estimated $811 million in revenues from 8 million patrons over a five-year period.
The Winning Proposal
On the other hand, the winning proposal of Churchill Downs proposed a casino called Queen of Terre Haute, near Haute City Center. It’s cost was projected at $190 million, including a 10-storey 125-room hotel beside the casino. The casino would also house a brick and mortar sportsbook under the TwinSpires brand.
The Queen of Terre Haute will create 1,000 construction jobs and 500 permanent positions upon the commencement of operations. Like Full House’s proposal, Churchill Downs also offered to put 1,000 slot machines and 50 gaming tables inside the property. Its owners forecast the production of $638.9 million in gross gaming receipts from 6.7 millions visitors over the next five years.