Indiana racinos raise concerns with lawmakers
Officials with casinos at Indiana’s two pari-mutuel horse racing tracks told lawmakers today that taxes imposed on them are
too high and are threatening their viability.
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State gambling revenue expected to stay flat
Indiana’s share of tax money generated by the state’s 13 casinos is expected to remain relatively flat for at
least the next few years, a state fiscal analyst told Gaming Study Committee members this morning.
FEIGENBAUM: Historic milestone in gambling industry approaches
Indiana has made billions on gambling in nearly two decades, funding key programs, cutting excise and property taxes, and
avoiding tax hikes. The state has seen more than $2 billion in investment without any government incentives,
and more dollars committed in our history than by any industry outside of steel, power and autos.
Recession forces casinos to go all in with pricey expansion projects
In a saturated gambling market, Indiana casinos increasingly rely on expanded entertainment options to
attract patrons. The upshot is that an industry once considered “recession-proof” is asking
the General Assembly for lower taxes and hopes to eliminate expensive regulatory requirements like maintaining engines
and crews.
Legislature snubs casinos, but forms study committee
Indiana’s struggling gambling industry didn’t get the relief it sought during the special session of the Indiana General Assembly. But embedded within the budget bill approved June 30 is a provision creating a gambling summer study committee. Its recommendations, due by Dec. 1, may make or break several of Indiana’s casinos.
General Assembly is shame of Indiana
When we read that all the Democrats in the House voted against all the Republicans in the House on a given issue, we know independence has been cruelly killed by the leadership of each party. The same applies to the Senate.
Gambling habit puts state at risk
The state’s overreliance on gambling, what once seemed like easy money, is becoming a major concern to taxpayers.
State’s gambling jackpot may have reached its limit
Hoosiers’ long ride on the gambling gravy train finally may be coming to an end.
Cash-strapped gambling firm pushing bill in Legislature; Centaur trying to recover from Pennsylvania setback
Centaur is lobbying the Indiana General Assembly to let it transfer 500 slots from its Hoosier Park horse track in Anderson
to the Fort Wayne area.
Two central Indiana racinos debut amid tough economy
The next few weeks will be critical for the state’s two new racinos, which need to open with a splash to meet their ambitious
projections of drawing more than 3 million visitors apiece annually. Hoosier Park in Anderson will open June 2, and Indiana
Downs in Shelbyville will follow a week later.
Centaur tempted to buy Aztar casino
Indiana riverboat casinos don’t go up for sale every day. So when one becomes available, it’s bound to spark interest. Hence,
the dilemma facing Centaur Inc., the Indianapolis-based casino developer.
Gambles paying off for Centaur CEO
Through persistence and sheer pluck, Rod Ratcliff has become a player in the gambling industry–one many businesses try to
break into, most without success. On Oct. 30, his Indianapolis-based company, Centaur Inc., closed a $1 billion financing
deal that will fund gambling projects in three states.
Indiana Downs buyout nearing finish line
The high-stakes competition for control of Indiana Downs has entered the homestretch. And South Bend-based Oliver Racing LLC
is poised to win.
Racinos may push gambling’s limits
During their first half-decade in operation, the state's casino slots machines grew their total sales to $22 billion,
according to Indiana Gaming Commission records. But in the last five years, slot sales grew just 18 percent, reaching $25.9
billion in 2006. That's what business textbooks call a maturing market.
Off to slow start, French Lick fears threat from ‘racinos’
French Lick Resorts & Casino is already struggling, less than four months after its launch. And the casino’s owners are downright
terrified legislators soon will allow both of the state’s horse-racing tracks to become “racinos” and add up to 5,000 slot
machines.