Indiana Gaming Commission moves to revoke Rod Ratcliff’s casino permit

The Indiana Gaming Commission has apparently relocated to forever revoke the Indiana casino permit held by regional business owner Rod Ratcliff (pictured) over allegations which he neglected to reveal the transfer of company funds into a wagering that is personal.

According to a Wednesday report from The Indianapolis Star newspaper, Ratcliffe partnered with former Centaur Holdings executive John Keeler in 2018 to lead a group that established Spectacle Entertainment so as to buy Indiana’s floating Majestic Star Casino Hotel and Majestic Star Casino Hotel II venues. This entity purportedly later successfully lobbied for the right to relocate one of these Gary riverboat casinos to a fresh and more profitable site that is land-based along nearby Interstate 94.

Coming casino:

The magazine stated that this brand new $300 million location is placed to debut later on in 2010 whilst the tough Rock Casino Northern Indiana featuring an accumulation about 1,650 slots alongside some 80 video gaming tables. But, any opening ceremonies are purportedly improbable to feature Ratcliff as he had been forced to resign as Chairman and ceo for Spectacle Entertainment in June as scrutiny concerning their behavior that is past increased

Questionable association:

The Indianapolis Star reported that the Indiana casino magnate first came under the spotlight when federal law enforcement authorities and the Indiana Gaming Commission launched investigations into whether Keeler had helped to illegally funnel campaign contributions into a state lawmaker’s unsuccessful run that is congressional. Although Ratcliff had not been called into the indictment that is subsequent he did purportedly have his license temporarily suspended in December before being compelled to sell his stake in the coming 200,000 sq ft Hard Rock Casino Northern Indiana.

Later lawsuit:

Ratcliff reportedly responded by suing the Indiana Gaming Commission over claims that the suspension that is interim come with ‘no notice, no hearing with no procedure’ and had furthermore rejected him the ‘ability to offer their stocks by himself terms’ to your operator associated with coming Lake County casino, tough Rock Global.

Serious answer:

However, the Indiana Gaming Commission apparently countered on Monday by lodging a Lake County Superior Court petition that is searching for the revocation that is permanent of casino license. The regulator’s application purportedly contends that the entrepreneur had transferred approximately $900,000 from his casino business to personal betting accounts between 2015 and 2019 and had subsequently failed to disclose this information at the time of applying for his license.

The newspaper reported that the request from the Indiana Gaming Commission alleges that Ratcliff had violated its licensing standards in 2018 by ‘submitting false information’ while simultaneously ‘hiding conduct that violates Indiana gaming rules and regulations’. The regulator purportedly moreover claimed that the businessman had later refused ‘on two occasions that are separate*)’ to satisfy having its investigators to be able to respond to questions regarding any allegations of unethical company methods.Converging program:

The Indianapolis celebrity stated that this petition is be reviewed by ultimately the

Indiana Office of Administrative Law Proceedings, which is a state office charged with ruling on agency disputes. In the meantime and Ratcliff purportedly asserted that he may ‘contest these baseless allegations.’(* that he‘

looks forward to his day in court(*)’ so)

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