“We have numerous options,” Jim Brown, Hoosier’s general manager of gaming told the Anderson Herald Bulletin. “Chapter 11 for the entire company is a possibility. This is simply an effort to redo a debt structure and make your company healthy and ensure the possibility of long-term success.”

Centaur is also engaged in a lengthy struggle to obtain gaming licensing for Valley View Downs in Pennsylvania, which was granted a horse racing license, but has not yet received approval for a gaming license from state regulators there.

The missed payment forced Centaur’s Pennsylvania interests to file Chapter 11 bankruptcy.

“We have the last gaming license in Pennsylvania, and we are deeply committed to building that facility,” Brown also said. “This was the best mechanism to preserve it.

“It will be business as usual for Hoosier Park, regardless of how we go about restructuring our company.”