IBJNews

Committee pushes gambling discussion to summer

Back to TopCommentsE-mailPrintBookmark and Share

Indiana's riverboat casinos could receive tax breaks and be able to expand onto land under legislation the Senate Public Policy Committee debated Wednesday, but it won't happen anytime soon.

The panel didn't vote on the bill, however, which means it will likely head to a summer study committee for further discussion.

Sen. Phil Boots, R- Crawfordsville, called Senate Bill 364 a “very innovative idea” and stressed its importance as it pertains to Indiana’s gambling industry.

The bill would also authorize table gambling in racinos.

Competition to Indiana casinos has arisen from Ohio, which currently has six new venues drawing customers away from the Hoosier state.

“I think our operators are top notch, they just need the tools to compete with the rest of the world,” Boots said.

Indiana’s gaming revenue has been significantly declining in recent years.

In 2009, wagering at the casinos topped $2.8 billion. In 2012, it was $2.56 billion, an 11.8-percent drop.

Casino industry employment is also decreasing. In 2000, Indiana casinos employed 16,000 people, a number that has dropped to roughly 12,000.

“From a customer’s experience, you can’t compete with a land-based facility,” said Steve Jimenez, general manager of the Rising Star Casino (formerly the Grand Victoria Casino) in Rising Sun. “It gives us a good start to try to get to a level playing field.”

Jimenez also said that the legislation would help his casino bring business from out of state.

Committee Chairman Sen. Ron Alting, R- Lafayette, said he expected additional testimony from the owner of Rising Star – whom Alting referred to as “a brilliant mind in the field of gaming” – but the owner was unable to attend the meeting.

Alting did not bring the bill to a vote and referred the legislation to a summer study committee.

ADVERTISEMENT

  • hyperbole towards tea party
    Many of you leftists who comment here would be perfect candidates for another angry MSNBC prime time show. LOL
  • Yup.
    Agree with previous posters--we get to choke in the iron grip of blind morality until doing something else suits their fancy. Suddenly not so immoral to have table games once you start losing money, huh? This place is so backwards.
  • Easy man
    PJ, it's simple to understand. We have a right wing, tea party republican governor and a right wing tea party republican legislature. And, you have voters that vote Republican blindly and ignorantly. The result is the most oppressive state other than Iran. But keep pulling that Republican lever. At least Indiana has a world wide reputation for something.
  • WHY NOT
    I have a novel idea, why let the casinos have a land based operation, and let them have table games, and then worry about lower taxes after a two year period.
  • Why are we Morally Controlled?
    I never have understood and don't think I ever will understand why the State has laws against things such as these. This is obviously a moral based law. There is no reason people shouldn't be allowed to gamble their money however they want. Same goes with liquor sales on Sundays, Holidays and Election. Why?!?

    Post a comment to this story

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
     
    Subscribe to IBJ
    1. Yes sir keep cashing those 300K a year checks direct to IMS, while millions disappear from the teams like Rahal's. Guess there wasn't enough ka- ching going around to keep Sarah Fisher in business without their "merger". LOL._____.Meanwhile back in Realville the series with the "best racing in the world" drew what appeared to be about 5000 live spectators ( and probably 1500 of those Target "freebies", and was beaten in the ratings by a series that reportedly consists of "parades" and aired while most people are still sleeping. That will generate those big ka-chings for sure. :-). But, hey, as long as the Speedway gets the cash who gives a damn about the teams?

    2. Welcome to PETERSON LOAN AGENCY Company (A Personalized Service for All Your Financial Needs) We, Liberal Investment Company Providers offers loan at a very low interest rate of 2%, we offer Personal loans, Debt Consolidation Loan, Venture Capital, Business Loan, Educational Loan, Home Loan, and Loan for any reason and urgent needs!. with a maximum duration of 30 years. Have you been turned down by your bank? Do you have bad credit? Do you have unpaid bills? Are you in debt? Do you need to set up a business? Worry no more as we are here to offer you a low interest loan. Our loan ranges from $5,000-USD (Five Thousand US dollars) to $50, 000,000.00.(Fifty Million US dollars). We also lend in USA DOLLARS EURO and POUNDS ! Fill in this form and forward it to our email: PETERSONLOANAGENCY@GMAIL.COM 1. Your Full names:_______ 2. Contact address:_______ 3. Country Of Residence:______ 4. Loan Amount Required:________ 5. Duration:_____ 6. Gender:_____ 7. Occupation:________ 8. Monthly Income:_______ 9. Date Of Birth:________ 10.Telephone Number:________ 11. Purpose of loan:_________ Yours In Service, MR PERRY, PETERSONLOANAGENCY@GMAIL.COM

    3. If I could actually get the prices...I would do this on my own. We need laws that force provides to publish the costs they will charge. Everyone else gives you the price in advance...except hospitals.

    4. I was under the impression that fencing is not allowed on a front yard and that on a corner, both sides are considered "front" yards, therefore can't be fenced without a variance. Also impedes the visibility for drivers at the intersection. Am I understanding this correctly? Might be why a fence was not included in the plans and a request for a variance will have to be made?.

    5. I was a big fan of Cowards and Carrots, which I got a chance to see at the show. It's currently on Kickstarter, but the designer also put out What's He Building in There last year, which got a fair amount of buzz.

    ADVERTISEMENT