Spectacle Entertainment & Rivals Show Interest in New Indiana Casino
Casino operator Spectacle Entertainment has revealed details about the new US$125 million casino that it hopes to run in Terre Haute, Indiana. Construction of the US casino will commence once the chosen operator receives an official state gaming license to operate. The 100,000 square feet casino will be named Rocksino by Hard Rock and will be built on 22 acres of land.
Facilities at the casino will include an entertainment room which can accommodate about 300 seated guests. Other venues include several bars, a buffet restaurant, a steakhouse venue, and possibly even a sportsbook.
The casino is central to various hotels as well as the airport. Some of the hotels in close proximity to Rocksino by Hard Rock includes Holiday Inn Express. It’s also close to major highways like Interstate 70.
Application Process to Receive a License
The Indiana Gaming Commission is expecting to review casino proposals from Spectacle Entertainment and other operators interested in running the new casino starting December 2. All proposals will be subject to an application fee of US$50,000. A further US$5 million will later be required to cover the license fee. The commission expects to have reviewed and finalized the application in the first quarter of 2020. Once the license has been awarded, the receiving party will also be required to invest US$100 million into the state of Indiana. This investment forms part of the overall agreement.
Spectacle Entertainment Leads the Race
Spectacle Entertainment seems to be the commission’s number one choice to run Rocksino by Hard Rock and discussions are underway for a development agreement with Spectacle Entertainment to be the head of operations at Rocksino by Hard Rock. The agreement requires a five-member board tasked with distributing US$3 million casino funds on an annual basis. The agreement also says that the board members must comprise of two casino representatives and three city council members. The president of the Board of Commissioners, the president of the Chamber of Commerce, as well as the Terre Haute mayor will select exactly who these members are.
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