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.
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.
Bankrupt racetrack and casino asks for help recovering money from Indiana Department of Revenue.
Shelbyville racetrack and casino could save millions if it successfully contests the way Indiana interprets state tax law.
If Indiana Live and Hoosier Park prevail, the racetrack-casinos may cut they could cut their combined tax bill by $30 million a year.
Cordish 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.
Indianapolis 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.
Two racetrack owners have signaled they’re interested in buying Indiana Live racetrack and casino in Shelbyville as the facility begins to sort out its massive debt.
Maryland-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.
The owners of Indiana Live racetrack and casino failed to make an interest payment due Nov. 1 on $375 million in debt, providing additional fodder for credit analysts already worried about its financial condition.
The Shelbyville track's final race on Monday was canceled after a horse pulled up lame and was later euthanized. The track
canceled its full card of Tuesday races.
Millions of dollars in tax revenue that flows from the Indiana Live casino to local government coffers will be set aside for
economic development. Shelbyville Mayor Scott Furgeson hopes to present new projects to the city council in the next month
or two.
New York-based Moody’s Investors Service has downgraded its credit rating for Indiana Live horse track and casino, a warning
signal that the Shelbyville facility may soon follow its Anderson counterpart Hoosier Park into bankruptcy.
Indy’s closest casino has revamped its dining offerings. We take a taste.
With a town government behind them, Fairland-area residents hope any future growth will be to their benefit.
