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Over $1 billion in funds were secured by Centaur Inc. as the company closed on a deal for the money that will be spent on casino expansion in several different states.
The company plans to use some of the money to build a casino in Pennsylvania, actually, a harness racing track in Western Pennsylvania that will include a casino.
Hoosier Park in Anderson, Indiana will be where $400 million of the money will go as the company plans to build a 92,000 square foot addition to its already existing horse racing operation. The casino is said to have 2,000 slot machines going into the location.
Another place the company will use the money is at Indiana Downs, where they expect to do something similar to what they are planning in Anderson.
$250 million of the money will go to the state of Indiana for its licensing fees for the race track and casino.
The deal came together between Centaur Inc. and Credit Suisse, but was funded mostly by MH Equity, a private equity firm. How much stake the firm will have in the casinos is unknown.
Centaur Chairman Rod Ratcliff was excited about the deal getting done, saying in a news release, “Our success will mean more economic development in Indiana and more jobs for Hoosiers.”
Former Bingo Hall Manager Gets Sentenced By Judge For Stealing Money
The Kensington Bingo Centre has been a place where people came to play friendly games of Bingo and where the money that was generated went to charity, but the manager of the hall apparently thought the charity was her pocket as she was sentenced for stealing money from the hall.
Terry Joan Aikens was a manager at Kensington and she was caught stealing the money after an auditor from Alberta Gaming and Liquor came in and realized that over $36,500 was missing.
When confronted, Aikens apparently told the auditor that the money was in the concession account. But when bank statements showed that only $12,000 was in the concessions account, the inspector continued his investigation.
The remaining money was turned over to the inspector after Aikens admitted to taking the money, and while her lawyer claims that she always repaid the money, she still was sentenced.
The sentence included a twelve month sentence that was to be served in the community. The first six months will be served on house arrest, and the next six will be served with a 10 p.m. to 6 a.m. curfew. 60 hours of community service will also have to be done by Aikens.