Casino Seizes Business Owner's Assets

Oct 27, 2011

A prominent Corbin businessman owes an Indiana casino over $155,000 in gambling debts, and a court has ordered that he surrender his stake in a local property development company in order to satisfy that debt. For the second time since 2010, Jimmy Vance is on the losing end of a court battle over loans he was given by casinos in the Hoosier state. In 2010, he lost an appeal against Ceasars Indiana, a riverboat casino docked on the Ohio River in Harrison County, Ind., near Louisville, and was ordered to pay $75,000 in blackjack losses to the casino.