EAST CHICAGO, Ind. (AP) — Casino revenues that have been paid to an East
Chicago development company since 1997 will be paid directly to the city
under a proposed settlement.
East Chicago Mayor George Pabey announced the proposed settlement with
Second Century Inc. on Thursday. Second Century attorney J. Lee McNeely
confirmed the deal, which needs City Council approval.
The Indiana attorney general’s office and the city sued Second Century in
2005, claiming its owners pocketed more than $16 million in casino receipts
they had agreed to use for development projects within the city.
McNeely wouldn’t say whether the agreement would affect pre-existing
revenues. The attorney general’s office says its portion of the lawsuit
seeking an accounting of the money by Second Century remains active.