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Gambling
Bill would give green light to live table games at racinos
January 19, 2013
Kathleen McLaughlinA wide-ranging gambling bill designed to protect Indiana casinos from border-state competition would allow live table games
at two central Indiana racinos.
MoreGaming commission OKs Centaur plan to buy Indiana Grand
January 10, 2013
Kathleen McLaughlinThe Indiana Gaming Commission on Thursday afternoon approved Centaur Holdings LLC's plan to buy Indiana Grand Casino and
Indiana Downs in Shelbyville.
MoreCentaur strategy cheers horse industry
January 5, 2013
Kathleen McLaughlinCentaur 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.
MoreHoosier Lottery hires ad agency for creative work
December 19, 2012
Anthony SchoettleThe Hoosier Lottery announced Wednesday it has hired Mortenson Safar Kim (formerly MeyerWallis) as its new creative advertising
agency of record. Lottery officials have promised to increase marketing.
MoreIndiana lawmakers urged to strengthen casino industry
December 10, 2012
Associated PressA 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.
MoreIndiana casino cuts 80 jobs, blames economy
November 9, 2012
Associated PressA northwestern Indiana casino is blaming the economy and increased competition for its decision to lay off about 80 workers.
MoreJudge approves Shelbyville racino sale to Centaur
November 1, 2012
Kathleen McLaughlinA 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.
MoreLottery manager ramping up advertising budget
October 31, 2012
Kathleen McLaughlinThe Hoosier Lottery’s new manager plans to launch a branding campaign in the spring as part of a business plan that
calls for a significantly larger advertising budget. That could be good news for Indiana ad agencies.
MoreNCAA's moves over betting 'ludicrous,' N.J. official says
October 16, 2012
Associated PressThe NCAA is "ludicrous and hypocritical" for moving five championship games out of New Jersey next year because
the state plans to offer legalized sports betting, a spokesman for New Jersey Gov. Chris Christie said.
MoreCompetition puts dent in Indiana casino revenue
October 4, 2012
Scott OlsonIndiana casino revenue fell 3.5 percent through the first eight months of the year even though overall revenue at U.S. casinos
grew 6 percent during the period. New casinos in Illinois and Ohio are likely to blame.
MoreIndiana panel approves lottery outsourcing deal
October 3, 2012
Associated PressIndiana's lottery commission voted Wednesday to hire a private company to take over its marketing and other services in
the hopes that it will boost the lottery's profit by about $100 million a year.
MorePanel delays vote on outsourcing Indiana lottery
September 26, 2012
Associated PressA decision on hiring a vendor or leaving lottery operations as they are had been scheduled for Wednesday, but the vote was
moved to Oct. 3 instead, to give officials more time to digest two proposals.
MoreIndiana Grand Casino owners accept bid from Centaur
September 18, 2012
Kathleen McLaughlin, Associated PressCentral 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.
MoreTribal 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.
MoreDirector: Bidders must meet Indiana lottery standards
September 7, 2012
Associated PressIndiana won't turn its lottery over to a private company if bidders don't meet the state's high standards, the
executive director of the Hoosier Lottery said Friday.
MoreForeign companies drop bids to run Indiana lottery
September 6, 2012
Associated PressTwo foreign companies have dropped out of the bidding to become the first private manager of Indiana's lottery, with one
charging the state's process encourages bidders to set expected revenue levels too high.
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.
MoreIllinois lottery superintendent says Indiana taking flawed path
August 18, 2012
Kathleen McLaughlinThe Illinois Lottery is not a model Indiana should follow in seeking a private manager to boost revenue, according to Illinois’
own lottery chief. Hoosier Lottery officials say they’ve taken steps to avoid the problems Illinois had with its privatization
contract, but several key elements of the process mirror Illinois'.
MoreLottery could expand to grow state's take
July 21, 2012
Kathleen McLaughlinThe $791 million Hoosier Lottery threw open bidding July 11 for a 10-year contract on marketing, sales and distribution services.
The lottery wants to be among the fastest-growing in the country, and it’s looking to the gambling industry to help
it reach that goal.
MoreHoosier Lottery asks vendors to bid on work
July 11, 2012
Associated PressThe primary goal of the contract is to boost the lottery's net income, which dropped from $218 million in fiscal year
2006 to $188 million during fiscal year 2011 — a 14 percent decline.
MoreShelbyville racino operator settles with ex-manager Cordish
July 9, 2012
Bloomberg NewsThe operator of Indiana Grand Casino and Indiana Downs horseracing track in Shelbyville has reached a $3.5 million settlement
with the property’s former manager, The Cordish Co., that helps pave the way for its reorganization.
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.
MoreHoosier Park site in Indy tests mobile wagering
June 19, 2012
Associated PressPatrons at Hoosier Park's off-track-betting site in downtown Indianapolis can now bet on horse races from the comfort
of their seats, and they'll soon be able to place wagers from their smartphones.
MorePurchase offers fail to satisfy creditors of Shelbyville casino
June 16, 2012
Owner of Indiana Grand Casino plans to proceed with recapitalization plan instead.
MoreMartin prevails in appeal of ruling that banned him from horse tracks
June 9, 2012
Kathleen McLaughlinIndustry stalwart prevails in fight against Indiana Horse Racing Commission, which found that he had participated in racing
and wagering activities without a license.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.