The Indiana House has approved a proposal that would permit the state's riverboat casinos to move onto land and allow live dealers for table games at the two horse track casinos near Indianapolis.
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.
State lawmakers are advancing a measure that allows Hoosiers to legally place bets on horse racing from their computers or phones.
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.
Indianapolis-based Centaur Gaming said Monday its site in Merrillville will close March 15. The site opened in 1995 and employs 33 people.
The Hoosier Lottery and other participating states questioned the future of the money-losing game after Texas decided Dec. 11 to end participation. Sales were not high enough to cover jackpots.
The Hoosier Lottery is evaluating its next move on the Monopoly Millionaires' Club—a new, so-far money-losing game—in the wake of a decision by Texas to end its participation.
New Jersey was the third state after Illinois and Indiana to bet that outside marketing and sales experts could tap hidden lottery riches. The state uses the same private manager as Indiana.
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.
