IBJNews

House panel rejects live table games at racinos

Back to TopCommentsE-mailPrintBookmark and Share

A panel of Indiana House lawmakers stripped most provisions of a gambling bill Wednesday, setting up a potential showdown with senators who approved a gambling expansion last month.

Indiana's casinos are pressing to bring their riverboat operations on shore and the owner of Indiana's two racetracks with slots wants approval to install table games as new casinos in Illinois, Michigan and Ohio look ready to siphon away business.

But the House Public Policy Committee voted 10-3 to advance a bill that does away with both provisions and restores state aid for counties that host casinos, which the Senate cut in the gambling bill.

Jim Brown, chief operating officer for the Centaur Holdings, which owns both the Shelbyville and Anderson tracks, argued that adding table games would amount to a formality because both tracks already have games like poker and roulette operated by machines.

But Republican Committee Chairman Rep. Bill Davis, R-Portland, said table games never were what the Legislature intended when it approved slots for the racetracks.

"Why did you not install table games when you first put the casino in?" Davis pressed.

The House gambling bill keeps in place a handful of small tax changes sought by the gambling industry, but the largest items were eliminated.

The gambling industry has spent more than $19 million lobbying for gambling expansions and lower taxes with mixed success since 2000. In that time, riverboats won approval to dock permanently, the tracks won approval of 4,000 slots and the owners of the French Lick Resort and Casino won an exception to the state's water-based casino rule in order to build their casino.

ADVERTISEMENT

  • Really?
    Is David from Indiana? Does he have the concerns of Indiana in mind? Or other states? Why on earth would one of our representatives vote for people to spend their money and travel to other states? Next election, Portland should give this guy the boot.
  • Stupidity Reigns
    Bill Davis...congrats, you are the most ignorant legislator of the session.
  • Thank you. J. Kasich-(R) Gov OH
    Wheeew. Cincinnati business folks wanna thank ya'. The Governor of Ohio also extends his appreciation.
  • Why Not?
    Why would they vote to not allow table games?!? What's the difference in terms of morals or in the laws eyes as to having digital games vs. REAL ones? I very much enjoy spending a day at a casino, but will only do so to play table games which the racinos don't have. This is certainly a disservice to them and the surrounding communities as the increase in revenue from the increased use and taxes would likely be substantial. How can Indianapolis continue to compete with other cities for convention and visitors if Indiana is stuck in the dark ages? On another note, how did French Lick get away with not having their casino on a river or at a horse track!?? They built a building, put a moat around it, then drained the moat. How does that meet the current laws?

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:
 
thisissue1-092914.jpg 092914

Subscribe to IBJ
  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

ADVERTISEMENT