Indiana Gaming Commission approves Spectacle Jack's application for Vigo County casino

Indiana Gaming Commission approves Spectacle Jack's application for Vigo County casino

Indiana Gaming Commission approves Spectacle Jack's application for Vigo County casino

Latest corona-virus impact" in just a moment.

But first..

We start this afternoon..

With "major news" for the region.

"terre haute"..

Will be home..

To indiana's "14th casino".

//////// "the vote was unanimous and affirmative, congratulations everyone."

//////// that was..

"the indiana gaming commission's vote today"..

On spectacle jack l-l-c's application.

Terre haute businessman "greg gibson"..

Heads-up "spectacle jack"..

And he's bee working "hard" to bring "a har rock branded casino" to the city.

News 10's "jon swaner"..

Has been following this story for you since the very beginning.

He has more for you now..

On how "the commission"..

Came.

"to today's decision".

/////// in the near future, you can expect to see some activity in the large field next to the home 2 suites hotel on terre haute's east side.

That's where the rocksino will be built.

V} the indiana gaming commission unanimously approved spectacle jack's application.

Expect to see some site work in the immediate future, meanwhile details of the casino's final design will be finalized.

Then, groundbreaking will take place in september.

It'll be a $120-million dollar project that's expected to generate rougly $126 million dollars in annual revenue.

The local impact will be tremendous: 1000 new jobs and $3.3 million dollars in annual gaming tax revenue for the community.

But it almost didn't happen.

The gaming commission stopped the previous application process when two spectacle entertainment executives came under fire in a federal election fraud investigation.

This forced gibson to file an amended application.

The commission chairman addressed mr. gibson following their presentation, specifically addressing the amended application that was filed last month.

(12.14.58) "it's not lost on us the investment and risk and the effort you have made here for your community and for indiana.

And we are sincerely grateful.

We were pleased to get your application.

And in all candor, had you not made the changes that brought the new application forward, we would not have considered it."

Coming up on news 10, we'll hear from gibson on what's next when it comes to the casino... and we'll tell you when it could possibly open.

Back to you.

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