Casinos

Indiana lawmakers aim to shore up riverboat casinos

January 21, 2013
Associated Press
Lawmakers have introduced legislation to help Indiana's riverboat casinos hold onto business in the face of growing competition from casinos in neighboring states.
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Bill would give green light to live table games at racinosRestricted Content

January 19, 2013
Kathleen McLaughlin
A wide-ranging gambling bill designed to protect Indiana casinos from border-state competition would allow live table games at two central Indiana racinos.
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Gaming commission OKs Centaur plan to buy Indiana Grand

January 10, 2013
Kathleen McLaughlin
The Indiana Gaming Commission on Thursday afternoon approved Centaur Holdings LLC's plan to buy Indiana Grand Casino and Indiana Downs in Shelbyville.
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Centaur strategy cheers horse industryRestricted Content

January 5, 2013
Kathleen McLaughlin
Centaur Holdings LLC plans to concentrate all thoroughbred racing at Indiana Downs in Shelbyville and all standardbred harness racing at Hoosier Park in Anderson once it clears regulatory hurdles to take control of the Shelbyville track.
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Indiana lawmakers urged to strengthen casino industry

December 10, 2012
Associated Press
A southern Indiana economic development association is urging the Legislature to strengthen the state's casino industry by revising existing gambling laws to allow it to remain competitive as casinos open in surrounding states.
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Indiana casino cuts 80 jobs, blames economy

November 9, 2012
Associated Press
A northwestern Indiana casino is blaming the economy and increased competition for its decision to lay off about 80 workers.
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Judge approves Shelbyville racino sale to Centaur

November 1, 2012
Kathleen McLaughlin
A bankruptcy court judge has approved Centaur Holdings LLC's purchase of the Indiana Grand racetrack and casino in Shelbyville for $500 million. The deal still requires regulatory approvals.
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Indiana Grand Casino owners accept bid from Centaur

September 18, 2012
Kathleen McLaughlin, Associated Press
Central Indiana’s two racetrack-casinos may consolidate under a single owner after Indianapolis-based Centaur Holdings LLC submitted a winning bid of at least $500 million for Indiana Grand Casino in Shelbyville.
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Tribal casino could squeeze state coffersRestricted Content

September 8, 2012
Kathleen McLaughlin
A 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.
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Illinois governor rejects plan to expand state's gambling

August 28, 2012
Associated Press
Illinois 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.
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Shelbyville casino could exit bankruptcy in August

June 22, 2012
Bloomberg News
A 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.
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Purchase offers fail to satisfy creditors of Shelbyville casinoRestricted Content

June 16, 2012
Owner of Indiana Grand Casino plans to proceed with recapitalization plan instead.
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Indiana casinos face falling revenue, new competition

May 20, 2012
Associated Press
Indiana'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.
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Indiana Live to be renamed Indiana Grand Casino

April 14, 2012
 IBJ Staff
The 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.
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Indiana Downs closing Evansville off-track site

April 13, 2012
Associated Press
An 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.
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Shelbyville 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.
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Indiana Live parent seeks Chapter 11 loan extension

March 15, 2012
Bloomberg News
Indianapolis 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.
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Indiana Live receives offer from Hoosier Park ownerRestricted Content

February 25, 2012
Kathleen McLaughlin
Indiana 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.
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State's gambling jackpot starts to shrinkRestricted Content

January 28, 2012
Kathleen McLaughlin
Indiana 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.
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Kentucky governor: Casino gambling bill coming soon

January 25, 2012
Associated Press
A 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.
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Indiana Live asks court for $23 million tax refundRestricted Content

December 10, 2011
 IBJ Staff
Bankrupt racetrack and casino asks for help recovering money from Indiana Department of Revenue.
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Agency endorses big cut to state horse racing’s $58M subsidy

November 16, 2011
Scott Olson
The 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.
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Court sides with racinos in tax dispute with state

October 27, 2011
Francesca Jarosz
A 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.
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Indiana casino expanding to fend off competition

October 19, 2011
Associated Press
Leaders 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.
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Indiana gambling exclusion list has 4,200 members

October 16, 2011
Associated Press
Nearly 4,200 people have asked the Indiana Gaming Commission to bar them from entering casinos across Indiana.
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