Gambling

Land-based casinos likely, says Indiana gambling chief

April 9, 2013
Associated Press
Gaming Commission Executive Director Ernest Yelton said declining casino revenue and other factors are helping drive the push for land-based casinos.
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Lawmakers debate what counts as gambling expansion

March 31, 2013
Associated Press
The differences between the electronic and standard table games are being portrayed to state lawmakers as one of life and death, with proponents of a bill that would allow racetrack table games saying they would add jobs while not substantially changing what the racetracks already offer.
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Hoosier Lottery expanding ticket-selling hours

March 31, 2013
Associated Press
The private operator of the Hoosier Lottery is expanding the hours that convenience stores and other outlets can sell lottery tickets, a change that allows those sales to continue late into the night.
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Lawmakers still considering live table games at racinos

March 28, 2013
 The Statehouse File
The Indiana House Ways and Means Committee postponed amendments and a vote on a gambling measures Wednesday after supporters of the state’s horse-track casinos renewed their fight to get live dealers at their table games.
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Indiana lottery vendor docked in Illinois for low profits

March 20, 2013
Associated Press
The private operator of the Hoosier Lottery faces a $20 million penalty in Illinois because it fell nearly $66 million short of the profits it promised that state.
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House panel rejects live table games at racinos

March 20, 2013
Associated Press
An Indiana House committee has rewritten a gambling bill to keep table games out of Indiana's racetracks and restore money for counties that host casinos.
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Casinos bet $19M at Statehouse with mixed results

March 16, 2013
Associated Press
The gambling industry spent more than $19 million lobbying at the Indiana Statehouse from 2000-2012, according to reports filed online by the Indiana Lobby Registration Commission.
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Pence objects to proposed gambling expansion

March 12, 2013
Associated Press
Indiana Gov. Mike Pence is asking lawmakers not to approve an expansion of gambling despite pressure from new casinos in bordering states.
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Indiana, Kentucky brace for new casino in Cincinnati

March 3, 2013
Associated Press
With a glistening $400 million casino set to open in downtown Cincinnati on Monday, officials and casino executives in two neighboring states are looking at the development with trepidation as they prepare to watch tax dollars flow into Ohio.
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Judge freezes hairdresser's state lottery jackpot

March 1, 2013
Associated Press
Seven of the winner's co-workers at an Indianapolis salon say the $9.5 million ticket for the Feb. 16 drawing was part of an office lottery pool.
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Hairstylists testify they agreed to share lottery jackpots

February 27, 2013
Associated Press
Seven hairstylists who are fighting for a share of a $9.5 million lottery prize bought by a co-worker testified Wednesday that they had all agreed to share any winnings from tickets purchased at the same time as those for an office pool.
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Bill aimed at boosting Indiana casinos clears Senate

February 25, 2013
Associated Press
A major overhaul of Indiana casino regulations and taxes has cleared the state Senate amid arguments from its supporters that the casinos need help against growing competition from surrounding states.
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Centaur completes purchase of Indiana Grand

February 21, 2013
Associated Press
The owner of the Hoosier Park racino in Anderson says it has officially purchased the bankrupt Indiana Grand and Downs in Shelbyville for $500 million.
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Major Indiana casino overhaul faces doubts in Statehouse

February 15, 2013
Associated Press
The leader of the Indiana House is hesitant about the chances of an overhaul of state casino taxes and regulations aimed at helping them against growing competition from surrounding states.
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Senate bill would stop paying gambling counties

February 15, 2013
 The Statehouse File
The change would save the state $24 million in 2015 and another $48 million each year thereafter—all money that's now being collected from gambling taxes and sent to cities, towns and counties.
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Judge clears two horsemen from defamation suit

January 29, 2013
Kathleen McLaughlin
A federal judge has released two Indiana horsemen from the ongoing defamation and conspiracy case brought by Ed Martin Jr., a former car dealer and thoroughbred breeder.
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Racinos ask permission to use mobile devices for gamblingRestricted Content

January 26, 2013
 IBJ Staff
The Indiana Gaming Commission might allow the use of casino issued iPads for gambling on casino premises.
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Bill aimed at boosting Indiana casinos advances

January 23, 2013
Associated Press
The Senate Public Policy Committee voted 9-0 in support of a bill that would overhaul the state's casino taxes, along with allowing Indiana's 10 riverboat casinos to move inland to adjacent property and permit live table games at the two horse track casinos.
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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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Hoosier Lottery hires ad agency for creative work

December 19, 2012
Anthony Schoettle
The 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.
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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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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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