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Gambling
Lottery sales fall 11 percent as Lotto, scratch-off demand wanes
August 14, 2009
Scott OlsonThe Hoosier Lottery limped through its latest fiscal year, turning in its poorest sales performance in a half-decade due mostly
to declining demand for Hoosier Lotto tickets and scratch-off games, the Lottery said today.
MoreFEIGENBAUM: Historic milestone in gambling industry approaches
July 27, 2009
Ed FeigenbaumIndiana has made billions on gambling in nearly two decades, funding key programs, cutting excise and property taxes, and
avoiding tax hikes. The state has seen more than $2 billion in investment without any government incentives,
and more dollars committed in our history than by any industry outside of steel, power and autos.
MoreRecession forces casinos to go all in with pricey expansion projects
July 13, 2009
Peter SchnitzlerIn a saturated gambling market, Indiana casinos increasingly rely on expanded entertainment options to
attract patrons. The upshot is that an industry once considered “recession-proof” is asking
the General Assembly for lower taxes and hopes to eliminate expensive regulatory requirements like maintaining engines
and crews.
MoreLegislature snubs casinos, but forms study committee
July 6, 2009
Peter SchnitzlerIndiana's struggling gambling industry didn't get the relief it sought during the special session of the Indiana General Assembly.
But embedded within the budget bill approved June 30 is a provision creating a gambling summer study committee. Its recommendations,
due by Dec. 1, may make or break several of Indiana's casinos.
MoreGeneral Assembly is shame of Indiana
April 20, 2009
Morton MarcusWhen we read that all the Democrats in the House voted against all the Republicans in the House on a given issue, we know
independence has been cruelly killed by the leadership of each party. The same applies to the Senate.
MoreGambling habit puts state at risk
April 6, 2009
The state's overreliance on gambling, what once seemed like easy money, is becoming a major concern to taxpayers.
MoreState's gambling jackpot may have reached its limit
March 30, 2009
Peter SchnitzlerHoosiers' long ride on the gambling gravy train finally may be coming to an end.
MoreCash-strapped gambling firm pushing bill in Legislature; Centaur trying to recover from Pennsylvania setback
February 2, 2009
Peter SchnitzlerCentaur 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.
MoreDaniels still wants more from lottery, through privatizing or bond issue
September 8, 2008
Peter SchnitzlerRepublican Gov. Mitch Daniels is building his campaign for re-election in part on another attempt to cash in a jackpot on the Hoosier Lottery. This time, he's hedging his bet. In case leasing the Hoosier Lottery outright to a private operator is politically impossible, Daniels is exploring a major bond issue backed by its future revenue.
Two central Indiana racinos debut amid tough economy
June 2, 2008
Peter SchnitzlerThe 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.
MoreCentaur tempted to buy Aztar casino
March 3, 2008
Peter SchnitzlerIndiana 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.
MoreGambles paying off for Centaur CEO
November 5, 2007
Peter SchnitzlerThrough 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.
MoreFantasy football leagues concern employers
August 13, 2007
Anthony SchoettleThe kickoff of the National Football League season this month has many central Indiana employers fearful that fantasy will
encroach on reality. The fretfulness revolves around the start of the fantasy football season, where fans draft real players
onto make-believe teams and track their individual performances via organized Web sites.
MoreIndiana Downs buyout nearing finish line
August 6, 2007
Peter SchnitzlerThe high-stakes competition for control of Indiana Downs has entered the homestretch. And South Bend-based Oliver Racing LLC
is poised to win.
MoreHorse track owners vie for control
June 25, 2007
Peter SchnitzlerIndiana's two horse tracks could change hands as investors race to come up with the $250 million required to add thousands
of slot machines. The steep cost of a state license combined with the potential of a lucrative payoff has stakeholders in
Shelbyville-based Indiana Downs and Anderson-based Hoosier Park jockeying for position.
MoreRacinos may push gambling's limits
May 14, 2007
Peter SchnitzlerDuring 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.
MoreOff to slow start, French Lick fears threat from 'racinos'
February 26, 2007
Peter SchnitzlerFrench 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.
MoreChamber of Commerce explores casino recommendation
September 25, 2006
Peter SchnitzlerTo shore up local government's enormous financial shortfalls, the Greater Indianapolis Chamber of Commerce has begun investigating
whether it wants to push for a downtown casino--a politically explosive idea that would face widespread opposition.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.