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French Lick takeover moves forward8 June 2007INDIANAPOLIS, Indiana -- As reported by the Indianapolis Star: "With approval yesterday by gambling regulators, the family of billionaire Bill Cook will take full control of the French Lick Casino Resort, ending a troubled relationship with its Indianapolis partner. "The Bloomington entrepreneur and his family will pay an undisclosed amount to developer Lauth Property Group, buying out Lauth's 50 percent interest in the Orange County casino and two historic hotels. "...The Indiana Gaming Commission approved the deal on a voice vote yesterday with no discussion. A Lauth spokesman said it likely will take several weeks to complete the transaction. "Gamblers are not likely to notice the transition, and the casino's management staff will remain, said officials of Cook Group, the medical device company that Bill Cook founded and owns..." |