Casinos
State's gambling jackpot starts to shrink
January 28, 2012
Kathleen McLaughlinIndiana casinos saw their take from gambling fall in 2011, and new competition in Ohio and perhaps other neighboring states
virtually guarantees things will get worse from here.
MoreKentucky governor: Casino gambling bill coming soon
January 25, 2012
Associated PressA long-awaited proposal to open Kentucky to casino gambling so it can compete with neighboring states could be introduced
in the state's Senate within days.
MoreIndiana Live asks court for $23 million tax refund
December 10, 2011
IBJ StaffBankrupt racetrack and casino asks for help recovering money from Indiana Department of Revenue.
MoreAgency endorses big cut to state horse racing’s $58M subsidy
November 16, 2011
Scott OlsonThe Indiana Inspector General recommends in a report that the annual subsidy paid to the state's horse racing community be
reduced by more than half, to $28 million.
MoreCourt sides with racinos in tax dispute with state
October 27, 2011
Francesca JaroszA federal bankruptcy court has sided with two Indiana racinos in a dispute over their tax burdens, a ruling that could reduce
the total amount they pay into state coffers by as much as $30 million per year.
MoreIndiana casino expanding to fend off competition
October 19, 2011
Associated PressLeaders of a southeastern Indiana casino are banking on a new $49 million convention center and hotel complex to help it compete
with a casino being built in nearby Cincinnati.
MoreIndiana gambling exclusion list has 4,200 members
October 16, 2011
Associated PressNearly 4,200 people have asked the Indiana Gaming Commission to bar them from entering casinos across Indiana.
MoreAnderson racino emerges from bankruptcy
October 4, 2011
Francesca JaroszThe parent company of Anderson racetrack and casino Hoosier Park has officially emerged from bankruptcy. The original shareholders
of Centaur Inc., about 80 individual Indiana investors, lost their entire investment in the company.
MoreIndiana Live to get federal hearing on tax matter
September 10, 2011
IBJ StaffShelbyville racetrack and casino could save millions if it successfully contests the way Indiana interprets state tax law.
MoreCordish can press suit against CEO of Indianapolis Downs
August 26, 2011
IBJ Staff and Bloomberg NewsCordish Co., a real-estate developer building a casino near Baltimore, can pursue a defamation lawsuit against the CEO of
its bankrupt former business partner, Indianapolis Downs LLC, a judge said Aug. 26.
MoreRacinos ask federal court to lower their tax liability
August 20, 2011
Francesca JaroszIf Indiana Live and Hoosier Park prevail, the racetrack-casinos may cut they could cut their combined tax bill by $30 million
a year.
MoreIndiana casinos see revenues drop, brace for rivals
August 8, 2011
Associated PressState gaming commission records show that admissions at Indiana's 11 full casinos dropped about 3 percent through the
first six months of this year when compared to 2010.
MoreSimon wagers on Internet gambling's future
July 9, 2011
Francesca JaroszBillionaire Herb Simon is betting online gambling will become legal—and that a new company he’s backing will reap
a payoff as a result.
MoreIndiana Downs owner halts lawsuit amid bankruptcy
May 18, 2011
Bloomberg NewsCordish Cos., a real-estate developer trying to build a casino near Baltimore, must temporarily halt a defamation lawsuit
against the chief executive officer of Shelbyville casino owner Indianapolis Downs LLC, a federal judge said Tuesday.
MoreIndiana Live makes staff reductions
May 13, 2011
Francesca JaroszIndiana Live laid off about 30 members of its 800-person staff this week as the race track and casino’s owners sort
through Chapter 11 bankruptcy.
More'Survivor' star looking for investors for casino game
May 3, 2011
Scott OlsonRupert Boneham has created a casino table game and is searching for investors to help market it. A portion of the game's revenue
will benefit his Indianapolis charity, Rupert's Kids.
MoreIndiana lawmakers OK hotel sites for casino tourneys
April 5, 2011
Associated PressIndiana's casinos would be allowed to hold card tournaments at hotels or other sites on their properties under a proposal
that has cleared the state Legislature.
MoreBest bets: Finding the Indiana casino that's a winner for you
March 12, 2011
Andrea Muirragui DavisSo given Indianapolis’ central location, what’s a gambler to do when she gets the urge to press her luck? Figuring
that out is nearly as hard as deciding whether to hit or stand on 16.
MoreSuitors circle faltering racino
March 5, 2011
Francesca JaroszTwo racetrack owners have signaled they’re interested in buying Indiana Live racetrack and casino in Shelbyville as
the facility begins to sort out its massive debt.
MoreCourt OKs reorganization plan for Hoosier Park owner
February 22, 2011
Bloomberg NewsHoosier Park Racing & Casino owner Centaur LLC last week won court approval of its plan to cut debt by about $636 million
and exit bankruptcy.
MoreEx-manager files $600M suit against Indiana Live owners, others
February 21, 2011
Scott OlsonMaryland-based Cordish Cos. says the casino owners withheld $8.4 million in payments and conspired with other groups trying
to sabotage its plans for a Maryland gambling facility.
MoreStatewide smoking ban bill clears House committee
January 19, 2011
Associated PressThe Indiana House Public Health Committee voted 9-3 to endorse the bill prohibiting smoking in public places and indoor work
sites—after it exempted casinos and pari-mutuel horse tracks from the ban.
MoreCasinos to escape smoking ban proposal
January 12, 2011
Associated PressAn estimate from a nonpartisan agency showed a statewide smoking ban that includes casinos could cost Indiana more than $180
million in lost gambling tax revenue.
MoreHoosier Park parent set to emerge from bankruptcy
December 28, 2010
IBJ Staff and Bloomberg NewsHoosier Park Racing & Casino’s parent company could emerge from bankruptcy early next year if creditors approve
a reorganization plan that’s set for a court hearing in Delaware on Feb. 1.
MoreIndiana Live owners miss interest payment
November 4, 2010
IBJ Staff and Bloomberg NewsThe owners of Indiana Live racetrack and casino failed to make an interest payment due Nov. 1 on $375 million in debt, providing
additional fodder for credit analysts already worried about its financial condition.
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Poor little LadyJ! Typical Democommie. In case it got past you, the dems have totally screwed this country in the past 3+ years. We have a democommie in the White House who apparently never read the Constitution, while claiming to be a constitutional scholar. We had a democommie-controlled Congress (opposite of PROGRESS?)passing bills that "we'll have to pass before we know what's in it". This impostor president has violated the U. S. Constitution too many times to count. The Attorney General is a race-baiting gunrunner that refuses to stop illegal immigration. And, the head of NASA, a once-proud agency that put several men on the moon, is now our liason to the murderous Muslims. Great job, democommies! Sometimes I wish they really would try to take our guns.
Pat Bauer try t do right about the state but the Republican leader and all of them did not think of us. Only the money they will get from their rich corporation. Of Course the Democrats had union, so I won't vote for Bosma or whatever his name is.
Well you are talking about Republican, did all of the Damage in this state. Sure the Democrats did some but most is the Republican. The Republican set us back not going forward. Hurry passed bills won't listen to any amendment our way only. The Republicans drew up these district so they could win again. Which is a crying shame. I will not vote for any Republican and I got the list who voted for the RTW Bill and who didn't. Tired of the Republicans
Actually, it was Greenspan who encouraged the elderly to refinance their homes, using their equity to boost the economy after 9/11. In addition, it was George Bush and Barney Frank who jointly suggested that everyone should hold a piece of the rock. It was the Bush Administration, namely Treasury Secretary Paulson who deregulated Wall Street and Lenders such as Countrywide, Washington Mutual, Wachovia, Bank of America, and Wells Fargo. When the TARP Bailout Proposal went to Capitol Hill in October 2008, Treasury Secretary Paulson asked for, and received, full immunity from future prosecution, dating back to his time as CEO of Goldman Sachs, the co-recipient of the initial $350 Billion Dollar Tarp Bailout Payment for Wall Street, back in October 2008. It was the US Treasury and the Federal Reserve, both controlled by the Bush Administration, that created sub-prime mortgages, starting in 2004. Many members of the House and Senate, on both sides of the aisle, benefited from home mortgage refinancing. Banks, appraisers, and realtors pushed people into home mortgages they had no business accepting, based on claims that the housing market would only get better. Average Americans did not create Credit Default Swaps, I think those creations happened on Wall Street. Spend some time at the library, you will be shocked by what your research brings forth.
They need to pay their fines and the judge blocking the fines needs to be investigated. I'm sick and tired of democrats and their spending. We went broke with every dem as gov. too. Pat Bauer needs to go!