Churchill Downs picked to build western Indiana casino
INDIANAPOLIS (AP) – The company that runs the Kentucky Derby has been picked to take over the stalled project to build a casino in the western Indiana city of Terre Haute.
Indiana Gaming Commission members voted Wednesday in favor of Louisville, Kentucky-based Churchill Downs Inc. over three other companies that submitted proposals. Churchill Downs’ selection comes after the Terre Haute project was derailed amid an investigation into criminal and financial misconduct allegations against top executives in the ownership group first awarded the casino license last year.
Churchill Downs plans a $240 million project to build a new casino along with a 10-story hotel. The casino should open within 16 months.