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Casinos
Tribal casino could squeeze state coffers
September 8, 2012
Kathleen McLaughlinA tribal casino planned for northern Indiana could deal a serious blow to established competitors, as well as to an important
source of state tax revenue.
MoreIllinois governor rejects plan to expand state's gambling
August 28, 2012
Associated PressIllinois Gov. Pat Quinn on Tuesday rejected a bill to expand gambling in the state, including a new land-based casino in Chicago,
saying the proposal lacked sufficient regulatory oversight. The plan proposed four new riverboat casinos and allowing slot
machines at racetracks.
MoreShelbyville casino could exit bankruptcy in August
June 22, 2012
Bloomberg NewsA judge on Thursday approved procedures for the potential sale of the property. Bids must be accepted by July 20, and an auction
will be conducted on July 31.
MorePurchase offers fail to satisfy creditors of Shelbyville casino
June 16, 2012
Owner of Indiana Grand Casino plans to proceed with recapitalization plan instead.
MoreIndiana casinos face falling revenue, new competition
May 20, 2012
Associated PressIndiana's nearly 20-year-old casino industry is facing declining revenues and growing out-of-state competition, prompting
lawmakers to consider what, if any, regulatory changes might be able to stem the tide.
MoreIndiana Live to be renamed Indiana Grand Casino
April 14, 2012
IBJ StaffThe move is the latest fallout from the racino's legal tangle with Maryland-based
Cordish Cos., which managed the venue from its opening in 2008 until 2010.
MoreIndiana Downs closing Evansville off-track site
April 13, 2012
Associated PressAn off-track, pari-mutuel betting parlor in Evansville owned by Indiana Downs is set to close as the central Indiana-based
company that owns it remains in bankruptcy protection.
MoreShelbyville casino fined $150,000 by state gaming agency
March 16, 2012
The most serious offense by horsetrack and casino Indiana Live involved sending electronic promotions to dozens of people
who had voluntarily excluded themselves from receiving casino solicitations.
MoreIndiana Live parent seeks Chapter 11 loan extension
March 15, 2012
Bloomberg NewsIndianapolis Downs LLC, parent company of Indiana Live horserace track and casino in Shelbyville, wants lenders to grant a
one-year extension of financing for the Chapter 11 reorganization that otherwise would expire in April.
MoreIndiana Live receives offer from Hoosier Park owner
February 25, 2012
Kathleen McLaughlinIndiana Live is receiving overtures from potential buyers, including the owner of local competitor Hoosier Park & Casino,
its parent company said in a recent bankruptcy court filing.
MoreState'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.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.