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Gambling
Lottery says it overspent on amenities for new office
October 5, 2011
Associated PressIndiana lottery officials say they overspent on their new headquarters and will sell some of their equipment after reports
raised questions about the lavish facility.
MoreAnderson racino emerges from bankruptcy
October 4, 2011
Francesca JaroszThe parent company of Anderson racetrack and casino Hoosier Park has officially emerged from bankruptcy. The original shareholders
of Centaur Inc., about 80 individual Indiana investors, lost their entire investment in the company.
MoreState to crack down on new online gambling machines
October 4, 2011
Associated PressIndiana officials have decided to clamp down on new electronic gambling machines that let users connect to online games and
are giving the state excise police authority to remove them and cite businesses that have them.
MoreCordish can press suit against CEO of Indianapolis Downs
August 26, 2011
IBJ Staff and Bloomberg NewsCordish Co., a real-estate developer building a casino near Baltimore, can pursue a defamation lawsuit against the CEO of
its bankrupt former business partner, Indianapolis Downs LLC, a judge said Aug. 26.
MoreRacinos ask federal court to lower their tax liability
August 20, 2011
Francesca JaroszIf Indiana Live and Hoosier Park prevail, the racetrack-casinos may cut they could cut their combined tax bill by $30 million
a year.
MoreIndiana casino owner preparing to exit bankruptcy
August 11, 2011
Associated PressThe company that owns Indiana's Hoosier Park casino and horse track expects to emerge from bankruptcy protection in the
coming months with about two-thirds less debt.
MoreIndiana casinos see revenues drop, brace for rivals
August 8, 2011
Associated PressState gaming commission records show that admissions at Indiana's 11 full casinos dropped about 3 percent through the
first six months of this year when compared to 2010.
MoreSimon wagers on Internet gambling's future
July 9, 2011
Francesca JaroszBillionaire Herb Simon is betting online gambling will become legal—and that a new company he’s backing will reap
a payoff as a result.
MoreIndiana Downs owner halts lawsuit amid bankruptcy
May 18, 2011
Bloomberg NewsCordish Cos., a real-estate developer trying to build a casino near Baltimore, must temporarily halt a defamation lawsuit
against the chief executive officer of Shelbyville casino owner Indianapolis Downs LLC, a federal judge said Tuesday.
MoreIndiana Live makes staff reductions
May 13, 2011
Francesca JaroszIndiana Live laid off about 30 members of its 800-person staff this week as the race track and casino’s owners sort
through Chapter 11 bankruptcy.
More'Survivor' star looking for investors for casino game
May 3, 2011
Scott OlsonRupert Boneham has created a casino table game and is searching for investors to help market it. A portion of the game's revenue
will benefit his Indianapolis charity, Rupert's Kids.
MoreIndiana Live owners using big-buck firms in Chapter 11 case
April 16, 2011
Francesca JaroszIndianapolis Downs LLC, owner of Indiana Live racetrack and casino, has hired top-tier national investment banking and law
firms to represent it in Chapter 11 proceedings in U.S. bankruptcy court in Delaware.
MoreIndiana lawmakers OK hotel sites for casino tourneys
April 5, 2011
Associated PressIndiana's casinos would be allowed to hold card tournaments at hotels or other sites on their properties under a proposal
that has cleared the state Legislature.
MoreBest bets: Finding the Indiana casino that's a winner for you
March 12, 2011
Andrea Muirragui DavisSo given Indianapolis’ central location, what’s a gambler to do when she gets the urge to press her luck? Figuring
that out is nearly as hard as deciding whether to hit or stand on 16.
MoreCourt OKs reorganization plan for Hoosier Park owner
February 22, 2011
Bloomberg NewsHoosier Park Racing & Casino owner Centaur LLC last week won court approval of its plan to cut debt by about $636 million
and exit bankruptcy.
MoreEx-manager files $600M suit against Indiana Live owners, others
February 21, 2011
Scott OlsonMaryland-based Cordish Cos. says the casino owners withheld $8.4 million in payments and conspired with other groups trying
to sabotage its plans for a Maryland gambling facility.
MoreBudget would take slice out of growing horse industry
February 19, 2011
Francesca JaroszA move by budget-makers to tap the kitty that feeds the state’s horse-racing industry could deal a blow to the business
just as Indiana is starting to gain ground on its neighbors.
MoreFormer Colts player charged in $1M theft case
February 14, 2011
Associated PressFormer Indianapolis Colts quarterback Art Schlichter, whose NFL career was derailed by a gambling addiction, was charged Monday
with stealing more than $1 million from a 68-year-old woman in suburban Columbus, Ohio.
MoreStatewide smoking ban bill clears House committee
January 19, 2011
Associated PressThe Indiana House Public Health Committee voted 9-3 to endorse the bill prohibiting smoking in public places and indoor work
sites—after it exempted casinos and pari-mutuel horse tracks from the ban.
MoreCasinos to escape smoking ban proposal
January 12, 2011
Associated PressAn estimate from a nonpartisan agency showed a statewide smoking ban that includes casinos could cost Indiana more than $180
million in lost gambling tax revenue.
MoreHoosier Park parent set to emerge from bankruptcy
December 28, 2010
IBJ Staff and Bloomberg NewsHoosier Park Racing & Casino’s parent company could emerge from bankruptcy early next year if creditors approve
a reorganization plan that’s set for a court hearing in Delaware on Feb. 1.
MoreIndiana Supreme Court rulings uphold casino rights
September 30, 2010
Associated PressThe court issued a pair of split rulings bolstering the rights of casinos by ruling against a woman who said a riverboat preyed
on her gambling addiction and a card counter who sued for the right to play blackjack.
MoreIndiana casino commission: Staffer hid complaints
September 7, 2010
Associated PressThe commission found the misconduct after an internal review about why 56 of 154 complaints made against the casinos during
2009 had gone unanswered.
MoreCentaur wins approval to sell Colorado casino
August 27, 2010
Bloomberg NewsLuna Gaming Central City LLC is paying $7.5 million in cash plus a $2.5 million note, less adjustments. There were no competing
bids.
MoreCasino operator Centaur aims to exit bankruptcy much leaner
August 21, 2010
Scott OlsonCentaur plans to sell a casino west of Denver and a stalled casino development near Pittsburgh.
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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.