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.
Indiana casinos could save an average of $1 million per riverboat each year under a proposal that would allow them to quit using captains and crews and maintain motors that have been obsolete since the state allowed the boats to remain docked.
Owners of the Indiana Live racetrack and casino face an interest payment on the lion’s share of their $544 million in debt next month, as credit analysts continue fretting about the company’s ability to pay its bills.
The court issued a pair of split rulings bolstering the rights of casinos by ruling against a woman who said a riverboat preyed on her gambling addiction and a card counter who sued for the right to play blackjack.
Las Vegas-based Full House Resorts on Monday announced plans to purchase the riverboat casino in Rising Sun, saying it could improve profitability.
Centaur plans to sell a casino west of Denver and a stalled casino development near Pittsburgh.
Indianapolis-based Centaur LLC said Wednesday it is asking a federal bankruptcy judge to approve bidding procedures to transfer
ownership of Valley View Downs.
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’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.
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