Centaur claims top bid for bankrupt Indiana Grand
ANDERSON, Ind. (AP) - The owner of Hoosier Park Casino & Racing in Anderson says it has made the winning bid for a second central Indiana racino, the bankrupt Indiana Downs and Indiana Grand in Shelbyville.
Centaur general counsel John Keeler tells The Herald Bulletin, the Indianapolis Business Journal and the Indianapolis Star the company informed its employees Tuesday morning that Indiana Grand's owners had accepted the bid. Keeler would not disclose Centaur's actual bid, but bankruptcy court filings indicated the minimum qualifying bid was $500 million.
Keeler says the deal still needs approval from a Delaware bankruptcy court judge and state and federal regulators.
Indiana Grand owner Indianapolis Downs LLC has been in bankruptcy since April 2011
Keeler says Centaur plans no changes at Hoosier Park if the deal goes through.
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