Shelbyville casino could exit bankruptcy in August
A judge on Thursday approved procedures for the potential sale of the property. Bids must be accepted by July 20, and an auction will be conducted on July 31.
A judge on Thursday approved procedures for the potential sale of the property. Bids must be accepted by July 20, and an auction will be conducted on July 31.
Patrons at Hoosier Park's off-track-betting site in downtown Indianapolis can now bet on horse races from the comfort of their seats, and they'll soon be able to place wagers from their smartphones.
Owner of Indiana Grand Casino plans to proceed with recapitalization plan instead.
Industry stalwart prevails in fight against Indiana Horse Racing Commission, which found that he had participated in racing and wagering activities without a license.
Indiana's nearly 20-year-old casino industry is facing declining revenues and growing out-of-state competition, prompting lawmakers to consider what, if any, regulatory changes might be able to stem the tide.
The Indiana State Lottery Commission endorsed a plan Wednesday to seek out private companies to take over some operations of the Hoosier Lottery, a state agency whose income has shrunk in recent years.
Former car dealer Ed Martin Jr., already banned from state horse racing tracks, is accusing the Indiana Horse Racing Commission of violating his civil rights and trespassing on his Florida thoroughbred farm during an investigation it launched against him.
The move is the latest fallout from the racino's legal tangle with Maryland-based Cordish Cos., which managed the venue from its opening in 2008 until 2010.
An off-track, pari-mutuel betting parlor in Evansville owned by Indiana Downs is set to close as the central Indiana-based company that owns it remains in bankruptcy protection.
The Hoosier Lottery hasn't started formally looking at online sales. But spokesman Al Larsen said the lottery will consider it depending on how the program in Illinois works out.
The most serious offense by horsetrack and casino Indiana Live involved sending electronic promotions to dozens of people who had voluntarily excluded themselves from receiving casino solicitations.
Indianapolis Downs LLC, parent company of Indiana Live horserace track and casino in Shelbyville, wants lenders to grant a one-year extension of financing for the Chapter 11 reorganization that otherwise would expire in April.
The southern Indiana casino, which posted double-digit drops in admissions and gross revenue during the shutdown of a bridge across the Ohio River, increased its revenue by 4 percent last month.
Indiana Live is receiving overtures from potential buyers, including the owner of local competitor Hoosier Park & Casino, its parent company said in a recent bankruptcy court filing.
A proposal to allow charities to pay people to run bingo, poker and other gambling games is too touchy of an issue to tackle this session, Indiana Senate Public Policy Chairman Ron Alting said Friday morning. Instead, he’ll request a summer study committee.
Indiana casinos saw their take from gambling fall in 2011, and new competition in Ohio and perhaps other neighboring states virtually guarantees things will get worse from here.
A long-awaited proposal to open Kentucky to casino gambling so it can compete with neighboring states could be introduced in the state's Senate within days.
Former Indianapolis Colts quarterback Art Schlichter violated his bond conditions in a fraud case by twice testing positive for cocaine and by refusing several times to provide urine samples, according to a federal probation officer.
Lawmakers are preparing to file a bill that would make it easier for charities to obtain gambling licenses.
State Sen. Ron Alting, chairman of the Public Policy Committee, wants to let charities pay people to run their bingo, poker and other games, a practice that has led to disciplinary action for some organizations.