Articles

FEIGENBAUM: Historic milestone in gambling industry approaches

Indiana has made billions on gambling in nearly two decades, funding key programs, cutting excise and property taxes, and
avoiding tax hikes. The state has seen more than $2 billion in investment without any government incentives,
and more dollars committed in our history than by any industry outside of steel, power and autos.

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Legislature snubs casinos, but forms study committee

Indiana’s struggling gambling industry didn’t get the relief it sought during the special session of the Indiana General Assembly. But embedded within the budget bill approved June 30 is a provision creating a gambling summer study committee. Its recommendations, due by Dec. 1, may make or break several of Indiana’s casinos.

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General Assembly is shame of Indiana

When we read that all the Democrats in the House voted against all the Republicans in the House on a given issue, we know independence has been cruelly killed by the leadership of each party. The same applies to the Senate.

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Two central Indiana racinos debut amid tough economy

The next few weeks will be critical for the state’s two new racinos, which need to open with a splash to meet their ambitious
projections of drawing more than 3 million visitors apiece annually. Hoosier Park in Anderson will open June 2, and Indiana
Downs in Shelbyville will follow a week later.

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Gambles paying off for Centaur CEO

Through persistence and sheer pluck, Rod Ratcliff has become a player in the gambling industry–one many businesses try to
break into, most without success. On Oct. 30, his Indianapolis-based company, Centaur Inc., closed a $1 billion financing
deal that will fund gambling projects in three states.

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Fantasy football leagues concern employers

The kickoff of the National Football League season this month has many central Indiana employers fearful that fantasy will
encroach on reality. The fretfulness revolves around the start of the fantasy football season, where fans draft real players
onto make-believe teams and track their individual performances via organized Web sites.

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Horse track owners vie for control

Indiana’s two horse tracks could change hands as investors race to come up with the $250 million required to add thousands
of slot machines. The steep cost of a state license combined with the potential of a lucrative payoff has stakeholders in
Shelbyville-based Indiana Downs and Anderson-based Hoosier Park jockeying for position.

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Racinos may push gambling’s limits

During their first half-decade in operation, the state's casino slots machines grew their total sales to $22 billion,
according to Indiana Gaming Commission records. But in the last five years, slot sales grew just 18 percent, reaching $25.9
billion in 2006. That's what business textbooks call a maturing market.

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