Judge approves Shelbyville racino sale to Centaur
A bankruptcy court judge has approved Centaur Holdings LLC's purchase of the Indiana Grand racetrack and casino in Shelbyville for $500 million. The deal still requires regulatory approvals.
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Hoosier Park launches mobile wagering at Anderson track
The Indiana Horse Racing Commission gave permission to extend the program from Hoosier Park's Winner's Circle Pub, Grille and OTB in Indianapolis, which launched the service in mid-June.
Indiana Grand Casino owners accept bid from Centaur
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.
Tribal casino could squeeze state coffers
A tribal casino planned for northern Indiana could deal a serious blow to established competitors, as well as to an important source of state tax revenue.
Illinois governor rejects plan to expand state’s gambling
Illinois Gov. Pat Quinn on Tuesday rejected a bill to expand gambling in the state, including a new land-based casino in Chicago, saying the proposal lacked sufficient regulatory oversight. The plan proposed four new riverboat casinos and allowing slot machines at racetracks.
Shelbyville casino could exit bankruptcy in August
A judge on Thursday approved procedures for the potential sale of the property. Bids must be accepted by July 20, and an auction will be conducted on July 31.
Purchase offers fail to satisfy creditors of Shelbyville casino
Owner of Indiana Grand Casino plans to proceed with recapitalization plan instead.
Indiana casinos face falling revenue, new competition
Indiana's nearly 20-year-old casino industry is facing declining revenues and growing out-of-state competition, prompting lawmakers to consider what, if any, regulatory changes might be able to stem the tide.
Indiana Live to be renamed Indiana Grand Casino
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.
Indiana Downs closing Evansville off-track site
An off-track, pari-mutuel betting parlor in Evansville owned by Indiana Downs is set to close as the central Indiana-based company that owns it remains in bankruptcy protection.
Shelbyville casino fined $150,000 by state gaming agency
The most serious offense by horsetrack and casino Indiana Live involved sending electronic promotions to dozens of people who had voluntarily excluded themselves from receiving casino solicitations.
Indiana Live parent seeks Chapter 11 loan extension
Indianapolis Downs LLC, parent company of Indiana Live horserace track and casino in Shelbyville, wants lenders to grant a one-year extension of financing for the Chapter 11 reorganization that otherwise would expire in April.
Bridge opening boosts Horseshoe revenue
The southern Indiana casino, which posted double-digit drops in admissions and gross revenue during the shutdown of a bridge across the Ohio River, increased its revenue by 4 percent last month.
Indiana Live receives offer from Hoosier Park owner
Indiana Live is receiving overtures from potential buyers, including the owner of local competitor Hoosier Park & Casino, its parent company said in a recent bankruptcy court filing.
State’s gambling jackpot starts to shrink
Indiana casinos saw their take from gambling fall in 2011, and new competition in Ohio and perhaps other neighboring states virtually guarantees things will get worse from here.
Kentucky governor: Casino gambling bill coming soon
A long-awaited proposal to open Kentucky to casino gambling so it can compete with neighboring states could be introduced in the state's Senate within days.
Indiana Live asks court for $23 million tax refund
Bankrupt racetrack and casino asks for help recovering money from Indiana Department of Revenue.
East Chicago casino pit manager charged with theft
Edward Rau III of Munster is accused of defrauding the Ameristar Casino by ordering dealers to give chips to a Chicago man who would cash them in and split the money with Rau.
Agency endorses big cut to state horse racing’s $58M subsidy
The Indiana Inspector General recommends in a report that the annual subsidy paid to the state’s horse racing community be reduced by more than half, to $28 million.
Ohio River bridge shutdown shrinks casino payments
The closure of Interstate 64's Sherman Minton Bridge linking New Albany and Louisville has reduced profit-sharing revenues paid by a southern Indiana riverboat casino to two counties and will delay officials from repaying $8 million to a foundation.