Gambling

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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Lottery manager ramping up advertising budget

October 31, 2012
Kathleen McLaughlin
The 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.
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NCAA's moves over betting 'ludicrous,' N.J. official says

October 16, 2012
Associated Press
The 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.
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Competition puts dent in Indiana casino revenue

October 4, 2012
Scott Olson
Indiana 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.
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Indiana panel approves lottery outsourcing deal

October 3, 2012
Associated Press
Indiana'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.
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Panel delays vote on outsourcing Indiana lottery

September 26, 2012
Associated Press
A 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.
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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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Director: Bidders must meet Indiana lottery standards

September 7, 2012
Associated Press
Indiana 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.
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Foreign companies drop bids to run Indiana lottery

September 6, 2012
Associated Press
Two 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.
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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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Illinois lottery superintendent says Indiana taking flawed path

August 18, 2012
Kathleen McLaughlin
The 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'.
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Lottery could expand to grow state's take

July 21, 2012
Kathleen McLaughlin
The $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.
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Hoosier Lottery asks vendors to bid on work

July 11, 2012
Associated Press
The 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.
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Shelbyville racino operator settles with ex-manager Cordish

July 9, 2012
Bloomberg News
The 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.
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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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Hoosier Park site in Indy tests mobile wagering

June 19, 2012
Associated Press
Patrons 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.
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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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Martin prevails in appeal of ruling that banned him from horse tracksRestricted Content

June 9, 2012
Kathleen McLaughlin
Industry 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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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 lottery seeking ideas from private firms

May 16, 2012
Associated Press
The Indiana State Lottery Commission endorsed a plan Wednesday to seek out private companies to take over some operations of the Hoosier Lottery, a state agency whose income has shrunk in recent years.
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Federal suit intensifies horse-racing dispute

April 19, 2012
Scott Olson
Former car dealer Ed Martin Jr., already banned from state horse racing tracks, is accusing the Indiana Horse Racing Commission of violating his civil rights and trespassing on his Florida thoroughbred farm during an investigation it launched against him.
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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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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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