Eldorado’s proposed $17.3B acquisition could make it state’s biggest casino owner
Eldorado Resorts Inc. announced Monday that it plans to buy Las Vegas-based Caesars Entertainment Corp., creating the largest gambling operator in the United States—and in Indiana.Read More
Lawmakers to tangle over sports wagering, Gary casinos
Hate-crimes legislation and increasing teacher pay might be the big talking points at the Indiana Statehouse this session, but it’s a safe bet that gambling will stir up a few debates, too.Read More
At the Winner’s Circle in downtown Indianapolis, Caesars will add extra bar seating and televisions. It also is adding an activity area with cornhole boards and shuffleboard to create more of a sports-bar-like atmosphere.
Indiana casinos will compete effectively against a slew of new casino sites in Illinois, Gov. Eric Holcomb said Monday.
Illinois legislators have approved a giant gambling-expansion bill that allows sports betting and as many as six new casinos, including one in Chicago.
Voter approval of the referendum is required under a law adopted by state legislators this spring allowing construction of a casino in Terre Haute.
Holcomb said he made the decision—which comes on the heels of multiple conflict of interest questions about the gambling bill—to “spur positive economic growth for our state and for an industry that employs over 11,000 Hoosiers.”
Some observers say the upcoming changes are the most significant in the industry since the Legislature authorized riverboat casinos in 1993.
The updated legislation also would decrease the fee that the owner of the two casinos in Gary would have to pay in order to move a casino from Lake Michigan to a more convenient interstate location.
The owner of two casinos now located on Lake Michigan in Gary would still be allowed to move one of them to a more convenient interstate location under changes to a gambling bill lawmakers made Tuesday—but only if the company gave its other license back to the state.
An Indiana casino CEO treated Gov. Eric Holcomb to two private jet flights last year and made big contributions to Holcomb’s largest 2016 campaign donor, all while he was pushing for changes to state law that would benefit his business, according to a newspaper report.
State lawmakers significantly amended a major gambling bill on Wednesday, removing language that would have allowed mobile sports betting and adding a huge relocation fee for the owner of the Gary’s casinos.
The House Public Policy Committee heard roughly five hours of testimony on Senate Bill 552—legislation that touches nearly every aspect of gambling in Indiana—during a hearing on Wednesday.
The legislation would legalize sports wagering, let horse-track casinos add table games this year as opposed to waiting until 2021 and allow two Gary casinos to move.
Spectacle Entertainment—a company founded by some of the same investors that operated Centaur before it was purchased by Caesars Entertainment—is in the process of buying Gary-based Majestic Star Casino I and Majestic Star Casino. It has said it wants to move one of the casinos to the Interstate 80/94 corridor and the other to Terre Haute.
Caesars owns four of Indiana’s highest-revenue casinos and any sale would need approval from the Indiana Gaming Commission and Indiana Horse Racing Commission.
One of Gary’s two casino licenses could be allowed to operate at any location in Indiana under new legislation. A previous bill limited the casino move to Vigo County.
Senate Bill 552, authored by Jasper Republican Mark Messmer and Terre Haute Republican Jon Ford, would allow the casinos in Gary to relocate, accelerate when horse-track casinos could begin offering live table games and legalize sports gambling.
The bill, filed by Republican Sens. Mark Messmer and Jon Ford, covers a wide range of gambling issues expected to be debated this year.