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.
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.
Issue likely to land in House, Senate conference committee.
House Minority Leader Brian Bosma says he’ll fight any efforts to pass legislation allowing the state’s riverboat casinos
to move inland.
The Senate Appropriations Committee voted Tuesday night to remove provisions that would have allowed casinos on Lake Michigan
and the Ohio River to move inland. It also made major changes to legislation that would have required schools to hold back
third-graders if they couldn’t read well.
An Indiana Senate committee plans to vote Tuesday on a bill that would allow casinos on Lake Michigan and the Ohio River to
move inland.
An Indiana Senate committee plans to consider legislation that would allow riverboat casinos on Lake Michigan and the Ohio
River to relocate inland.
A state senator said his committee will consider legislation that would allow riverboat casinos on Lake Michigan and the Ohio
River to move inland in hopes of staving off new competition from neighboring states.
Clear signs emerged in 2009 that the Hoosier gambling market is oversaturated.
Major credit rating agencies expressed concerns that several casinos, including the state’s new horse track “racinos”
on the outskirts of Indianapolis, might go bust before the year was finished.
The Indiana General Assembly is taking its first steps toward restructuring Hoosier gambling law.
State lawmakers are weighing possible changes to state gambling laws at a time when growing competition from out-of-state
casinos threatens to cut into business at Indiana’s 11 riverboat casinos.
The Gaming Study Committee’s report said allowing riverboat casinos to relocate inland could be helpful.
Majestic Star Casino LLC owns two casinos and a hotel in Gary, a casino-hotel in Tunica County, Miss., and a casino in Black
Hawk, Colo.
The company that owns two casinos along Indiana’s Lake Michigan shore has been declared in default on nearly $80 million in
debt by its lenders.
Ohio voters hit hard by the economic downturn have approved casinos on the fifth try by gambling supporters in the past two
decades.
Ohio voters are poised to weigh in on a ballot question that would authorize casinos in Cincinnati, Cleveland, Columbus and
Toledo.
Indianapolis-based Centaur LLC, owner of Anderson’s Hoosier Park horse track and casino, missed a $13.4 million interest payment due Tuesday on its more than $400 million in outstanding debt, putting the company in default with its lenders.
A gambler who counts cards is asking the Indiana Court of Appeals to force an Ohio River casino to allow him to play blackjack.
Despite rampant speculation, Anderson’s Hoosier Park is not facing imminent bankruptcy, according to its owner, locally
based Centaur Inc.
