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.
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.
