Plain English Breakdown
The bill summary does not provide specific details on what happens if the casino owner does not follow the rules.
Relocation of Casino Operations
This bill allows a riverboat casino in Rising Sun to move its gaming operations to Marion County, with specific conditions including financial penalties for early sale or transfer of the license.
What This Bill Does
- Allows the owner of a riverboat casino in Rising Sun to relocate their gaming operations to Marion County if certain conditions are met.
- Requires the casino owner to pay $50 million if they sell or transfer their license within 10 years after relocation approval.
- Sets up how tax money from the new casino will be shared and used.
- Needs the new casino in Marion County to give a yearly fee to Rising Sun and Ohio County.
Who It Names or Affects
- The owner of the riverboat casino in Rising Sun
- People who live or work near the new casino location in Marion County
Terms To Know
- Licensed Owner
- The person or company that has permission to run a casino.
- Wagering Tax Revenue
- Money collected from taxes on gambling activities.
Limits and Unknowns
- Does not specify exactly how the tax money will be shared.
- The bill has passed both chambers but needs further action before becoming law.