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  1. February 19, 2014

    3rd Circ. OKs Indy Downs' Settlement Of $50M Contract Row

    The Third Circuit affirmed on Wednesday a bankruptcy court's approval of a settlement that dispenses with some $50 million in construction-contract and trademark-licensing claims brought by a horse track and casino operator's former management company.

  2. February 01, 2013

    Indy Downs' Ch. 11 Plan, $500M Casino Sale OK'd

    A Delaware bankruptcy judge on Thursday confirmed Indianapolis Downs LLC's Chapter 11 plan, which includes the $500 million sale of the horse track and casino, rejecting a motion that would have stripped the voting rights of certain creditors and left the plan without sufficient support.

  3. October 31, 2012

    Judge OKs $500M Indy Downs Sale To Rival Centaur

    A Delaware bankruptcy judge on Wednesday approved the $500 million sale of Indianapolis Downs LLC to cross-state rival Centaur Holdings LLC but said he was not close to ruling on the confirmation of the horse track and casino's contested Chapter 11 plan.

  4. October 11, 2012

    Indy Downs Creditors Say $500M Sale Isn't In Good Faith

    A group of creditors holding $40 million in bankrupt Indianapolis Downs LLC's unsecured notes on Thursday objected to the horse track and casino's $500 million asset sale over concerns that buyer Centaur Gaming LLC did not act in good faith.

  5. October 05, 2012

    Indy Downs CEO Gets OK To Examine Winning Bidder's Docs

    A Delaware bankruptcy judge on Friday allowed Indianapolis Downs LLC's CEO to examine communications between Centaur Gaming LLC, which agreed to buy the rival horse track and casino for $500 million, and certain state agencies, finding his discovery requests pertinent to the Chapter 11 proceedings.

  6. September 19, 2012

    Bankrupt Indy Downs Books Rival's $500M Purchase Bid

    Indianapolis Downs LLC accepted a $500 million purchase offer Wednesday from cross-state competitor Centaur Gaming LLC, but the bankrupt horse track and casino is still far from the finish line as the deal lacks the support of its largest noteholder Fortress Investment Group LLC.

  7. July 31, 2012

    Indy Downs CEO Objects To Racino's Confirmation Plan

    A group of creditors led by Indianapolis Downs LLC's own chairman and CEO objected to the confirmation of the company's proposed restructuring Tuesday, claiming the plan being solicited by the bankrupt horse track and casino contains multiple defects.

  8. July 17, 2012

    Indy Downs Gets Go-Ahead To Settle $50M Contract Claims

    Resolving a dispute that had plagued its bankruptcy from the outset, Indianapolis Downs LLC won court approval Tuesday for a settlement that dispenses with some $50 million in contract and trademark licensing claims from the horse track and casino operator's former management company.

  9. July 09, 2012

    Indy Downs CEO Seeks Probe Of Creditor's Links To Rival

    Indianapolis Downs LLC's CEO asked for court permission Monday to investigate Fortress Investment Group LLC, a major creditor of the bankrupt horse track and casino operator, over suspicions that the firm is in cahoots with the debtors' primary competitor.

  10. June 21, 2012

    Indy Downs Wins Approval Of Amended Dual-Track Ch. 11 Plan

    A Delaware judge on Thursday approved the amended disclosure statement of Indianapolis Downs LLC, allowing the bankrupt racetrack and casino operator to proceed with a dual-track Chapter 11 plan comprising an auction backed up by a recapitalization.

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