Some councilmembers worried that approving it could have caused conflict between EBCI Holdings and Kituwah LLC, another tribally owned LLC that is actively involved in hospitality, retail, dining and entertainment ventures. 12 would have also broadened the company’s purpose to include hospitality, retail, dining, entertainment and related businesses, but that language was stricken prior to passage. The company has also received approval from Tribal Council to invest up to $12 million in gaming-related technologies and to pursue construction of a sports betting bar on the tribe’s Exit 407 property in Sevier County.Īs originally presented, the resolution considered Jan. Caesars Southern Indiana was the first of those ventures, but since then EBCI Holdings has broken ground on a $650 million casino in Danville, Virginia, in partnership with Caesars Entertainment, and on a $55 million horse racing facility in Kentucky in which it has a 49% stake. EBCI Holdings was created at the same time, charged with overseeing the tribe’s commercial gaming ventures. Tribal Council green-lighted purchase of the Indiana casino operations in a controversial, closed-door decision in December 2020, approving $250 million for the deal.

However, recently the Commission decided to raise the ceiling to 50%, and that higher level became the LLC’s official policy when Tribal Council approved the resolution reflecting it.

Since the Indiana Gaming Commission approved the tribal LLC’s purchase of the casino in August 2021, the body had limited the amount of money that EBCI Holdings could remit to the tribe to 25% of profits annually. The change comes following Tribal Council’s unanimous passage of a resolution to that effect during its Jan.

Is indiana casinos open