Gambling

Gambling habit puts state at riskRestricted Content

April 6, 2009
The state's overreliance on gambling, what once seemed like easy money, is becoming a major concern to taxpayers.
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State's gambling jackpot may have reached its limitRestricted Content

March 30, 2009
Peter Schnitzler
Hoosiers' long ride on the gambling gravy train finally may be coming to an end.
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Cash-strapped gambling firm pushing bill in Legislature; Centaur trying to recover from Pennsylvania setbackRestricted Content

February 2, 2009
Peter Schnitzler
Centaur 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.
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Daniels still wants more from lottery, through privatizing or bond issueRestricted Content

September 8, 2008
Peter Schnitzler

Republican 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.

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Two central Indiana racinos debut amid tough economyRestricted Content

June 2, 2008
Peter Schnitzler
The 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.
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Centaur tempted to buy Aztar casinoRestricted Content

March 3, 2008
Peter Schnitzler
Indiana 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.
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Gambles paying off for Centaur CEORestricted Content

November 5, 2007
Peter Schnitzler
Through 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.
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Fantasy football leagues concern employersRestricted Content

August 13, 2007
Anthony Schoettle
The 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.
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Indiana Downs buyout nearing finish lineRestricted Content

August 6, 2007
Peter Schnitzler
The high-stakes competition for control of Indiana Downs has entered the homestretch. And South Bend-based Oliver Racing LLC is poised to win.
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Horse track owners vie for controlRestricted Content

June 25, 2007
Peter Schnitzler
Indiana'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.
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Racinos may push gambling's limitsRestricted Content

May 14, 2007
Peter Schnitzler
During 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.
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Off to slow start, French Lick fears threat from 'racinos'Restricted Content

February 26, 2007
Peter Schnitzler
French 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.
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Chamber of Commerce explores casino recommendationRestricted Content

September 25, 2006
Peter Schnitzler
To 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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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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