Live dealers to be delayed under gambling bill amendment
Racetrack casinos would have to wait until 2021 to get live dealers at table games under a proposed Senate amendment to a gambling bill that has already passed the House.
Racetrack casinos would have to wait until 2021 to get live dealers at table games under a proposed Senate amendment to a gambling bill that has already passed the House.
The bill allows riverboat casinos to build on their existing land footprints, creates a tax credit for existing casinos to build hotels, and gives racinos the ability to convert half of their electronic table game machines to live dealing stations.
Gov. Mike Pence has been firm that he doesn’t want an expansion of gambling operations in the state. But he has not been clear about what he means by “expansion.”
The House has stripped language out of a controversial gambling bill that would have cut millions of dollars in funding that goes to communities where casinos are located.
Speaker Brian Bosma pulled a controversial gambling bill off the Indiana House calendar on Monday in part as an attempt to reduce the financial hit communities with casinos would suffer under the proposal.
Local economic agreements between the state’s casinos and local communities would be scrapped and the admissions tax that provides revenue to local governments eliminated.
A legislative committee has endorsed a proposal to allow Indiana's riverboat casinos to move inland. It also would allow live dealers for table games at Hoosier Park in Anderson and Indiana Grand in Shelbyville.
Proposals aim to help boost Indiana's casinos after they've seen more big declines in revenue in the face of growing competition from neighboring states.
Two of the state’s largest casinos and horse track betting facilities, Hoosier Park in Anderson and Indiana Grand in Shelbyville, stand to benefit most if the proposed legislation becomes law.
A cash-strapped division of casino giant Caesars Entertainment Corp. that owns two Indiana casinos is hoping a court agrees to its plan to get out from under $18.4 billion of debt.
Indiana riverboat gambling operations would be allowed to rebuild on land and horse track casinos could use live dealers for table games under a recommendation approved Thursday by a legislative study committee.
After decades of declining population and shifting economic fortunes, the city of Hammond in northwest Indiana is betting that water from Lake Michigan will refresh its finances.
A panel of lawmakers appears increasingly likely to recommend several changes to try to prop up a gambling industry rocked by competition from Ohio and other states. The group is expected to vote at an Oct. 30 meeting.
Indiana Gov. Mike Pence has been firm on his opposition to expanded gambling since taking office, but that position could put him at odds with fellow Republican lawmakers willing to hear out the state’s struggling gaming industry.
A legislative committee is weighing requests from Indiana casino operators to reduce the state's wagering tax rates and eliminate the $3 admission tax for everyone who enters a riverboat, even if not gambling.
Indiana legislators were lukewarm to assistance for casinos in 2013, but two years of declining revenue and new leadership on the issue could change their minds.
Indiana Gov. Mike Pence says he remains opposed to allowing more land-based casinos in Indiana despite a push from Evansville officials worried about declining revenue from the city's riverboat.
An analysis found that gamblers for the first time are spending more at the Cincinnati casino and two racinos in the region than in neighboring southeast Indiana.
The Indiana Grand Casino and Indiana Downs in Shelbyville announced that the once-separate gaming and racing facilities will now operate as one under the new Indiana Grand Racing & Casino name.
Hoosier Park reported a 3-percent drop in gambling revenue through the first 11 months of 2013, from $17.5 million to less than $17.1 million.