After spending $35 million for land where it hoped to build a $225 million casino in Arkansas, the Cherokee Nation Businesses was turned down in its bid for a casino license.
The Arkansas Supreme Court upheld a ruling that voided Cherokee Nation Businesses’ casino license, according to Arkansas Business. The court ruled 5-2 against the Arkansas Racing Commission which originally had granted the license to the business arm of the Cherokee Nation.
Cherokee Nations wanted to build the Legends Resort and Casino in Russellville, but the state’s high court determined the Racing Commission acted beyond its legal authority.
The ruling means the licensing process will have to start all over.
Source: Arkansas Business