CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Related News

Gaming News

 

Big Profits Fuel French Lick Battle

22 August 2006

INDIANA – As reported by the Indianapolis Star: "It's no wonder Cook Group and Lauth Property Group are grappling for sole control of their casino-resort project in French Lick.

"Next year, the casino alone is forecast to generate $120.6 million in gambling revenue and send $30 million or more in tax revenue to state and local governments.

"By 2011, gambling revenue would grow to $136 million, according to figures released by the Indiana Gaming Commission.

"'We believe we can make this project very, very successful,' said Vernon Back, Lauth's general counsel.

"…The question is how successful.

"In June the companies' divergent answers led Lauth to offer Cook $200 million for its half of the project and Cook to offer Lauth $5 million for its stake…"

< Gaming News