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Casino, 3 counties will share revenue
Message was posted: 09:53 Feb 24th, 2007

User: lpelham Rank: Casino Gold: 42145CG Contributor rating: 91840 Status: Offline

Casino news source: Fort Wayne Online - http://www.fortwayne.com Casino, 3 counties will share revenue From The Associated Press VEVAY — Three southern Indiana counties have reached a new revenue-sharing agreement with the Belterra Casino, ending a dispute in which the counties had threatened to take the matter before the Indiana Gaming Commission or the courts. The deal allows Crawford, Ripley and Jefferson counties to share an additional $3.5 million over the next seven years if Belterra’s business remains steady. Under the new deal, revenue sharing would return to a rate of 0.257 percent of the casino’s adjusted gross receipts. It calls for total payments to the three counties not to exceed $1 million a year.