Centaur casino project might survive

July 16, 2008

By Norm Heikens

Financial commitments for Centaur LLC's proposed $455 million horse race track and casino near Pittsburgh expired yesterday, but the project may not be dead.

The Indianapolis company issued a brief announcement this morning saying that discussions with lenders continue.

"Additional details will be available when we have a resolution," the statement said.

A Centaur attorney earlier this month told the Pennsylvania Gaming Control Board that the entire project "could go up in smoke" if Centaur were not granted a temporary slots license. The temporary license was needed to land financing spearheaded by Credit Suisse.

The board said it wanted more information about the people who would control the slot machine license before granting even temporary status.

Centaur, which recently added slot machines to its Hoosier Park horse track in Anderson, has everything except the slots license needed to proceed with the proposed Valley View Downs. Valley View would include a one-mile harness track and casino 55 miles northwest of Pittsburgh.

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