Emerald Casino

Illinois gaming board members sent a draft of a reorganization plan for the bankrupt Emerald Casino to Emerald's attorneys.

The plan outlines how the sale of the state's tenth casino license would be handled. The reorganization plan is intended to be consistent with a settlement agreement reached last year between the board and Emerald.

That agreement required the sale of Emerald's license and allowed investors to recoup their money but not any profits.