Indiana casino cuts 80 jobs, blames economy
A northwestern Indiana casino is blaming the economy and increased competition for its decision to lay off about 80 workers.
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Judge approves Shelbyville racino sale to Centaur
A bankruptcy court judge has approved Centaur Holdings LLC's purchase of the Indiana Grand racetrack and casino in Shelbyville for $500 million. The deal still requires regulatory approvals.
Lottery manager ramping up advertising budget
The Hoosier Lottery’s new manager plans to launch a branding campaign in the spring as part of a business plan that calls for a significantly larger advertising budget. That could be good news for Indiana ad agencies.
NCAA’s moves over betting ‘ludicrous,’ N.J. official says
The NCAA is "ludicrous and hypocritical" for moving five championship games out of New Jersey next year because the state plans to offer legalized sports betting, a spokesman for New Jersey Gov. Chris Christie said.
Competition puts dent in Indiana casino revenue
Indiana casino revenue fell 3.5 percent through the first eight months of the year even though overall revenue at U.S. casinos grew 6 percent during the period. New casinos in Illinois and Ohio are likely to blame.
Indiana panel approves lottery outsourcing deal
Indiana's lottery commission voted Wednesday to hire a private company to take over its marketing and other services in the hopes that it will boost the lottery's profit by about $100 million a year.
Hoosier Park launches mobile wagering at Anderson track
The Indiana Horse Racing Commission gave permission to extend the program from Hoosier Park's Winner's Circle Pub, Grille and OTB in Indianapolis, which launched the service in mid-June.
Panel delays vote on outsourcing Indiana lottery
A decision on hiring a vendor or leaving lottery operations as they are had been scheduled for Wednesday, but the vote was moved to Oct. 3 instead, to give officials more time to digest two proposals.
Indiana Grand Casino owners accept bid from Centaur
Central Indiana’s two racetrack-casinos may consolidate under a single owner after Indianapolis-based Centaur Holdings LLC submitted a winning bid of at least $500 million for Indiana Grand Casino in Shelbyville.
Director: Bidders must meet Indiana lottery standards
Indiana won't turn its lottery over to a private company if bidders don't meet the state's high standards, the executive director of the Hoosier Lottery said Friday.
Tribal casino could squeeze state coffers
A tribal casino planned for northern Indiana could deal a serious blow to established competitors, as well as to an important source of state tax revenue.
Foreign companies drop bids to run Indiana lottery
Two foreign companies have dropped out of the bidding to become the first private manager of Indiana's lottery, with one charging the state's process encourages bidders to set expected revenue levels too high.
Two foreign firms among four interested in state lottery
Two foreign companies—one based in Australia, the other in the United Kingdom—are among four firms competing for a chance to become the first private manager of Indiana’s lottery.
Illinois governor rejects plan to expand state’s gambling
Illinois Gov. Pat Quinn on Tuesday rejected a bill to expand gambling in the state, including a new land-based casino in Chicago, saying the proposal lacked sufficient regulatory oversight. The plan proposed four new riverboat casinos and allowing slot machines at racetracks.
Illinois lottery superintendent says Indiana taking flawed path
The Illinois Lottery is not a model Indiana should follow in seeking a private manager to boost revenue, according to Illinois’ own lottery chief. Hoosier Lottery officials say they’ve taken steps to avoid the problems Illinois had with its privatization contract, but several key elements of the process mirror Illinois’.
Lottery could expand to grow state’s take
The $791 million Hoosier Lottery threw open bidding July 11 for a 10-year contract on marketing, sales and distribution services. The lottery wants to be among the fastest-growing in the country, and it’s looking to the gambling industry to help it reach that goal.
Hoosier Lottery asks vendors to bid on work
The primary goal of the contract is to boost the lottery's net income, which dropped from $218 million in fiscal year 2006 to $188 million during fiscal year 2011 — a 14 percent decline.
Shelbyville racino operator settles with ex-manager Cordish
The operator of Indiana Grand Casino and Indiana Downs horseracing track in Shelbyville has reached a $3.5 million settlement with the property’s former manager, The Cordish Co., that helps pave the way for its reorganization.
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.
Hoosier Park site in Indy tests mobile wagering
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.