Hoosier Lottery loses money on new Monopoly game
Sales of the Monopoly Millionaires’ Club have been too low to cover weekly jackpot drawings since the game launched in October in Indiana and 22 other states.
Sales of the Monopoly Millionaires’ Club have been too low to cover weekly jackpot drawings since the game launched in October in Indiana and 22 other states.
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.
House Public Policy Chairman Tom Dermody, R-LaPorte, opened a gambling hearing last week with a word of caution for his colleagues: Before they launch into the 2015 session in January, they need to decide what they consider an expansion to be.
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.
The Hoosier Lottery's top official said she is "pleased" with a private manager's performance, even though the firm fell short of its income target during the first full fiscal year of its 15-year contract with the state.
The manager, Northstar Lottery Group LLC, is 80-percent owned by Rhode Island-based Gtech Corp., the parent company of Gtech Indiana, which manages the Hoosier Lottery.
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.
Under its aggressive sales strategy for the next fiscal year, the Hoosier Lottery’s operator will add games including Monopoly Millionaires’ Club and Bingo To Go.
Gtech Indiana will have to sell a lot of scratch-off games and other tickets in May and June if wants to avoid making a shortfall payment to the state.
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.
A Senate bill that would give the state’s riverboat casinos tax breaks and authorize table gambling in racinos was sent to a summer study committee Wednesday.
Indiana's three casinos near Cincinnati have seen big declines since a downtown casino opened in the Ohio city last March.
Purdue University plans to build a $10 million veterinary hospital for horses in Shelbyville, made possible in part by a $2.7 million grant from Indiana racino owner and operator Centaur Gaming.
New chairman of the House Committee on Public Policy could raise eyebrows in dealing with ‘vice’ issues.