Casino operator, regulators negotiating to settle charges

Monday, March 17, 2003 | 9:47 a.m.

BATON ROUGE, La. -- Horseshoe Entertainment Inc. is negotiating with state casino regulators in an attempt to settle charges of unconventional business practices and get a full renewal of its riverboat license in Bossier City.

"There are discussions, but there is no settlement at this point," said Hillary Crain, chairman of the Louisiana Gaming Control Board. "I think they are a lot further along than they were even two weeks ago."

Horseshoe officials declined to comment. Hearings on Horseshoe's license could begin Tuesday if a settlement isn't reached.

Horseshoe owner Jack Binion, former owner of Binion's Horseshoe in downtown Las Vegas, is accused by a state investigator of "extraordinary and inappropriate" business practices that hid significant information from Louisiana casino regulators.

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