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Casino Files for Bankruptcy in South Dakota City

Submitted by jhartgen@abi.org on

A hotel and casino in the western part of South Dakota has filed for bankruptcy protection just two months after actor-director Kevin Costner shuttered the doors on his area casino, the Associated Press reported. The Celebrity Hotel and Casino filed documents seeking protection from creditors last week in U.S. Bankruptcy Court for the District of South Dakota. The hotel is owned by Rolling Hills Farms Investments Inc. The Celebrity isn't in danger of imminent closure and the owners are going through a period of reorganization, said Ken Gienger, who has managed the property since 1998. Court documents show the hotel-casino had total assets of nearly $6.4 million, with more than $3.5 million owed on two loans from First Interstate Bank.