Centaur ready to sell Pennsylvania racetrack-casino project
Indianapolis-based Centaur LLC said Wednesday it is asking a federal bankruptcy judge to approve bidding procedures to transfer
ownership of Valley View Downs.
Casinos
Articles
Indiana’s two busiest casinos see opposite trends
Indiana's two busiest riverboats each saw big swings in their business last month, with the top Lake Michigan casino seeing
an 11 percent jump in revenue and the leading boat on the Ohio River recording an equal decline.
Indiana Downs cancels horse races after complaints
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.
Pennsylvania, Indiana top Nevada in gambling taxes
Pennsylvania’s tax revenue from commercial casinos approached $1.1 billion in the fiscal year that ended June 30. Indiana
was second with $878 million and Nevada third with $831 million.
Shelbyville, county plan economic development projects
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 law will hold casino winnings of deadbeat parents
The state is working to build an online system that will allow casinos to check the names of winners against a database of
people who owe child support, said Mike Smith, president of the Casino Association of Indiana.
Gary casino appealing $27 million in taxes
Officials say they believe a northwestern Indiana casino might owe $5 million more in back property taxes than previously
estimated.
Moody’s upgrades outlook for U.S. gambling industry
It may take some time to trickle down to Indiana, but the American gambling industry is starting to show early signs of recovery.
Gary mayor wants casino taxes paid before license vote
Gary Mayor Rudy Clay is calling for the Majestic Star casino to pay $22 million in overdue Lake County taxes before state
regulators vote on whether to renew the Gary casino's license.
Governor backs card counter banned by casino
Indiana Gov. Mitch Daniels used the story of a blackjack player’s lawsuit in telling Franklin College graduates about using
skill to push the odds in one’s favor.
Centaur’s junior lenders press for bankruptcy liquidation
Unsatisfied with the Hoosier Park owner’s reorganization plan, hedge funds represented by Wells Fargo Bank petition for conversion
of Chapter 11 bankruptcy into Chapter 7.
Centaur bets on risky restructuring plan
Bankrupt Hoosier Park owner Centaur Inc. has offered its creditors a risky reorganization plan. For it to work, dozens of
hedge funds must stay in the game, in return for a chance to buy a big chunk of the company later.
Indiana high court hears casino card-counting case
An Indianapolis man sued the Grand Victoria Casino and Resort after it banned him from the blackjack table in 2006. The casino
won the suit, but the state appeals court reversed that decision. The casino asked the high court to weigh in.
Downgrade a red flag for Indiana Live casino
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.
Indiana takes over third place in gambling revenue
Indiana’s reign at No. 3 may not last more than a year. It faces new competition from Ohio and possibly Kentucky.
Hoosier Park owner seeks to reorganize $680M in debt
Centaur LLC, which filed for Chapter 11 bankruptcy protection on Sunday, plans to sell its Colorado casino. Much of its debt
was incurred to upgrade
Hoosier Park in Anderson and add its slots parlor.
Hoosier Park owner Centaur files for bankruptcy protection
Indianapolis-based Centaur LLC, owner of Hoosier Park horse track and casino in Anderson, filed for Chapter 11 reorganization
on Sunday. The company’s casino, racing and hotel operations will continue without interruption, it said.
Bid to move casinos inland pulled from House floor
Rep. Bill Crawford unexpectedly pulled the measure after the House defeated his amendment to allow inland casinos while approving
another one to shift some of the tax burden from two central Indiana horse racing tracks with slot machines.
Gambling to remain an issue in General Assembly
Issue likely to land in House, Senate conference committee.
House minority leader opposes land-based casinos
House Minority Leader Brian Bosma says he’ll fight any efforts to pass legislation allowing the state’s riverboat casinos
to move inland.