Indiana Live asks court for $23 million tax refund
Bankrupt racetrack and casino asks for help recovering money from Indiana Department of Revenue.
Gambling
Articles
East Chicago casino pit manager charged with theft
Edward Rau III of Munster is accused of defrauding the Ameristar Casino by ordering dealers to give chips to a Chicago man who would cash them in and split the money with Rau.
Purdue study: Indiana’s horse industry generates $2B
The study of the horse industry's 2010 impact found racing generates the most revenue, while people who enjoy riding and other horse-related activities for recreation comprise the industry's largest segment.
Agency endorses big cut to state horse racing’s $58M subsidy
The Indiana Inspector General recommends in a report that the annual subsidy paid to the state’s horse racing community be reduced by more than half, to $28 million.
Indiana’s interim lottery chief lines up contractor job
Indiana's ethics board is signing off on the interim state lottery director's plans to work with a state contractor once a new lottery chief is found.
Ohio River bridge shutdown shrinks casino payments
The closure of Interstate 64's Sherman Minton Bridge linking New Albany and Louisville has reduced profit-sharing revenues paid by a southern Indiana riverboat casino to two counties and will delay officials from repaying $8 million to a foundation.
Court sides with racinos in tax dispute with state
A federal bankruptcy court has sided with two Indiana racinos in a dispute over their tax burdens, a ruling that could reduce the total amount they pay into state coffers by as much as $30 million per year.
Indiana casino expanding to fend off competition
Leaders of a southeastern Indiana casino are banking on a new $49 million convention center and hotel complex to help it compete with a casino being built in nearby Cincinnati.
Daniels names interim Hoosier Lottery director
Megan Ornellas will serve as interim director of the Hoosier Lottery until a replacement can be found for Kathryn Densborn, who resigned following a flap over her lavish spending on a new headquarters.
Indiana gambling exclusion list has 4,200 members
Nearly 4,200 people have asked the Indiana Gaming Commission to bar them from entering casinos across Indiana.
Big name in horse racing banned from tracks
Ed Martin Jr., the former car dealer who helped create Indiana’s horse-racing industry, these days isn’t even welcome at the state’s tracks. The Indiana Horse Racing Commission banned Martin after he refused to obtain a license, but he filed a lawsuit in Marion Superior Court last month seeking to overturn the decision.
Indiana Dem chairman calls on lottery director to quit
The head of the Indiana Democratic Party wants the director of the Hoosier Lottery to resign after an admission that it overspent on its new headquarters.
Lottery says it overspent on amenities for new office
Indiana lottery officials say they overspent on their new headquarters and will sell some of their equipment after reports raised questions about the lavish facility.
Anderson racino emerges from bankruptcy
The parent company of Anderson racetrack and casino Hoosier Park has officially emerged from bankruptcy. The original shareholders of Centaur Inc., about 80 individual Indiana investors, lost their entire investment in the company.
State to crack down on new online gambling machines
Indiana officials have decided to clamp down on new electronic gambling machines that let users connect to online games and are giving the state excise police authority to remove them and cite businesses that have them.
Gaming machines may expose loophole in state laws
The so-called "sweepstakes machines" allow users to buy Internet time and connect to online games like video poker and slots.
Cordish can press suit against CEO of Indianapolis Downs
Cordish Co., a real-estate developer building a casino near Baltimore, can pursue a defamation lawsuit against the CEO of its bankrupt former business partner, Indianapolis Downs LLC, a judge said Aug. 26.
Racinos ask federal court to lower their tax liability
If Indiana Live and Hoosier Park prevail, the racetrack-casinos may cut they could cut their combined tax bill by $30 million a year.
Indiana casino owner preparing to exit bankruptcy
The company that owns Indiana's Hoosier Park casino and horse track expects to emerge from bankruptcy protection in the coming months with about two-thirds less debt.
Indiana casinos see revenues drop, brace for rivals
State gaming commission records show that admissions at Indiana's 11 full casinos dropped about 3 percent through the first six months of this year when compared to 2010.