Casino proposal would bring $650 million complex to Indianapolis

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Artist rendering of the proposed development.

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INDIANAPOLIS, Ind. (August 11, 2015) – A proposed casino could transform the vacant land near the old Indianapolis airport terminal. A Las Vegas company is unveiling its proposal for a $650 million complex that would be anchored by a casino. The development would also include a luxury shopping complex, small hotel and condos.

“So we thought this is a good place to put a new development, one that would grow visitation to town, right next to the airport so I said, ok we can do something that’s more than just a casino,” said Daniel Lee, CEO of Full House Resorts.

Full House Resorts submitted the plans to the Indianapolis Airport Authority for review. The company owns Rising Star Casino located near the Ohio border about 45 minutes outside Cincinnati. Under the proposal, the casino operator would move about half of its gaming capacity from Rising Star to Indianapolis.

“So it’s not an expansion of gaming, the slot machines are already in the state why not put them at a place where they generate jobs, where they generate private non-gaming investment,” said Lee.

Rep. Bob Behning called the proposal a long shot and said it sounded like an expansion of gaming to him.

“It is a bit problematic when the legislature has decided that basically we weren’t willing to expand gaming and so they’re obviously advocating for that without actually getting another license,” said Behning.

The Indianapolis Airport Authority will review the proposal, along with any other proposals submitted for the 135 acre parcel. A spokesperson said the review process could take weeks or even months.

The CEO of Full House Resorts said he would like to break ground in two years, with the complex opening in four years.

 

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