Casinos

Gambling habit puts state at riskRestricted Content

April 6, 2009
The state's overreliance on gambling, what once seemed like easy money, is becoming a major concern to taxpayers.
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State's gambling jackpot may have reached its limitRestricted Content

March 30, 2009
Peter Schnitzler
Hoosiers' long ride on the gambling gravy train finally may be coming to an end.
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Cash-strapped gambling firm pushing bill in Legislature; Centaur trying to recover from Pennsylvania setbackRestricted Content

February 2, 2009
Peter Schnitzler
Centaur is lobbying the Indiana General Assembly to let it transfer 500 slots from its Hoosier Park horse track in Anderson to the Fort Wayne area.
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Two central Indiana racinos debut amid tough economyRestricted Content

June 2, 2008
Peter Schnitzler
The next few weeks will be critical for the state's two new racinos, which need to open with a splash to meet their ambitious projections of drawing more than 3 million visitors apiece annually. Hoosier Park in Anderson will open June 2, and Indiana Downs in Shelbyville will follow a week later.
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Centaur tempted to buy Aztar casinoRestricted Content

March 3, 2008
Peter Schnitzler
Indiana riverboat casinos don't go up for sale every day. So when one becomes available, it's bound to spark interest. Hence, the dilemma facing Centaur Inc., the Indianapolis-based casino developer.
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Gambles paying off for Centaur CEORestricted Content

November 5, 2007
Peter Schnitzler
Through persistence and sheer pluck, Rod Ratcliff has become a player in the gambling industry--one many businesses try to break into, most without success. On Oct. 30, his Indianapolis-based company, Centaur Inc., closed a $1 billion financing deal that will fund gambling projects in three states.
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Indiana Downs buyout nearing finish lineRestricted Content

August 6, 2007
Peter Schnitzler
The high-stakes competition for control of Indiana Downs has entered the homestretch. And South Bend-based Oliver Racing LLC is poised to win.
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Racinos may push gambling's limitsRestricted Content

May 14, 2007
Peter Schnitzler
During their first half-decade in operation, the state's casino slots machines grew their total sales to $22 billion, according to Indiana Gaming Commission records. But in the last five years, slot sales grew just 18 percent, reaching $25.9 billion in 2006. That's what business textbooks call a maturing market.
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Off to slow start, French Lick fears threat from 'racinos'Restricted Content

February 26, 2007
Peter Schnitzler
French Lick Resorts & Casino is already struggling, less than four months after its launch. And the casino's owners are downright terrified legislators soon will allow both of the state's horse-racing tracks to become "racinos" and add up to 5,000 slot machines.
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