A federal bankruptcy court has sided with two Indiana racinos in a dispute over their tax burdens, a ruling that could reduce the total amount they pay into state coffers by as much as $30 million per year.
Leaders of a southeastern Indiana casino are banking on a new $49 million convention center and hotel complex to help it compete with a casino being built in nearby Cincinnati.
Nearly 4,200 people have asked the Indiana Gaming Commission to bar them from entering casinos across Indiana.
The parent company of Anderson racetrack and casino Hoosier Park has officially emerged from bankruptcy. The original shareholders of Centaur Inc., about 80 individual Indiana investors, lost their entire investment in the company.
Shelbyville racetrack and casino could save millions if it successfully contests the way Indiana interprets state tax law.
Cordish Co., a real-estate developer building a casino near Baltimore, can pursue a defamation lawsuit against the CEO of its bankrupt former business partner, Indianapolis Downs LLC, a judge said Aug. 26.
If Indiana Live and Hoosier Park prevail, the racetrack-casinos may cut they could cut their combined tax bill by $30 million a year.
State gaming commission records show that admissions at Indiana's 11 full casinos dropped about 3 percent through the first six months of this year when compared to 2010.
Billionaire Herb Simon is betting online gambling will become legal—and that a new company he’s backing will reap a payoff as a result.
Majestic Star Casinos general manager Larry Buck says the changes at the two casinos on Lake Michigan in Gary were recommended by efficiency consultants hired by its creditors.
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.
Indiana Live laid off about 30 members of its 800-person staff this week as the race track and casino’s owners sort through Chapter 11 bankruptcy.
Rupert Boneham has created a casino table game and is searching for investors to help market it. A portion of the game’s revenue will benefit his Indianapolis charity, Rupert’s Kids.
Indiana's casinos would be allowed to hold card tournaments at hotels or other sites on their properties under a proposal that has cleared the state Legislature.
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.
Hoosier Park Racing & Casino owner Centaur LLC last week won court approval of its plan to cut debt by about $636 million and exit bankruptcy.
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.
So given Indianapolis’ central location, what’s a gambler to do when she gets the urge to press her luck? Figuring that out is nearly as hard as deciding whether to hit or stand on 16.
The Indiana House Public Health Committee voted 9-3 to endorse the bill prohibiting smoking in public places and indoor work sites—after it exempted casinos and pari-mutuel horse tracks from the ban.
An estimate from a nonpartisan agency showed a statewide smoking ban that includes casinos could cost Indiana more than $180 million in lost gambling tax revenue.
