Business

New owner seeks to move Gary casinos off Lake Michigan

Posted November 30, 2018 6:00 am

The Associated Press

GARY, Ind. (AP) - Some former Indiana casino executives are behind a new company buying the two Gary casinos with aims of moving them off the Lake Michigan shore.

The new entity Spectacle Entertainment has announced it is buying the Majestic Star Casino boats in Gary for an undisclosed price. Spectacle is led by former executives of Centaur Gaming, which sold Hoosier Park in Anderson and Indiana Grand in Shelbyville to Las Vegas-based Caesars Entertainment Corp. this year for $1.7 billion.

Spectacle General Counsel John Keeler says the company will seek approval from the state Legislature to relocate one of the Majestic Star casinos elsewhere in Gary and the other to another city. He says one possibility is Terre Haute, which is where Spectacle investor and vice chairman Greg Gibson lives.

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