Centaur Gaming is another casino that filled the bankruptcy this Monday due to the enormous debts.
Another casino files for bankruptcy - Centaur Gaming made a statement on Monday that it was going to institute bankruptcy proceedings but swore not to cease its gambling activity.
Centaur Gaming is the parent company of the Hoosier Park horse track casino in Anderson and its bankruptcy puts all other companies in Chapter 11 bankruptcy.
Despite the fact that Centaur is the owner of a number of companies and at the moment develops a new casino in Pennsylvania, the company was burden with debts and wasn't able to sink them.
The company representatives say that the cash flow of the company is satisfactory but the debt service caused the company to fill the bankruptcy. In October the debt was about $350 million.
According to the executive director of the Indiana Gaming Commission about thirteen other casinos now undergo the same bankruptcy proceedings though some of them can recover this week.
