There have been changes made to the guidelines issued by the gambling regulator in regards to the casino license in Vigo County. The Indiana Gaming Commission has extended the deadline for receipt of applications from prospective developers and gambling operators.
In an announcement, the gambling regulator confirmed that the deadline to apply for a gaming license and submit proposals has been extended by one day to Dec. 2.
Vigo County residents approved inland gaming in the county in last week’s general election. The casino referendum passed 15,145 to 8,729, a split of 63.44% percent in favor to 36.56% against.
The casino license application has a fee $50,000. The successful applicant would pay the commission a $5 million license fee. Moreover, a minimum of $100 million should be promised in investment by the selected operator.
It is expected that the Gambling Commission finalizes and selects a casino operator by the first quarter of 2020.
Spectacle Entertainment and Full House Resorts have already announced that they would be interested in contending for a casino license in Vigo county.
It is expected that the new gambling establishment would drive tourists and visitors to the area. According to the estimates, about 1.1 million people could visit Terre Haute area annually and the industry could generate about $105 million a year.