ANDERSON, IND. (WIBQ)-The parent company of an Anderson-based casino is filing for bankruptcy.

Centaur Gaming and Hoosier Park officials say that their Chapter 11 bankruptcy filing will be used to restructure debt and allow the company to continue operations at the Anderson casino and race track.

The company faces a 250-million-dollar licensing fee, among other economic issues.

Hoosier Park general manager of gaming Jim Brown says operations in Anderson are expected to continue during the restructuring.