It looks like the Hoosier Park Casino and Horse Track in Indiana could emerge early from bankruptcy protection in early 2011. This could happen due to the efforts of a settlement plan drafted by the company that owns half of the casino.

The proposal is a joint effort with some of their creditors; however, the Chapter 11 restructuring plan must be approved by the federal court system first. Jim Brown spoke with the Herald Bulletin about the downfalls of the casino which started in 2008 when they did expansions on the casino as well as payment of the licensing fee, which amounted to $250 million.

This is all comes at the same time as another casino is selling off its property. The Valley View Downs & Casino is being auctioned off while the Fortune Valley Hotel & Casino is being sold by their parent company, Centuar LLC of Indianapolis.

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