Moody’s upgrades outlook for U.S. gambling industry
It may take some time to trickle down to Indiana, but the American gambling industry is starting to show early signs of recovery.
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Gary mayor wants casino taxes paid before license vote
Gary Mayor Rudy Clay is calling for the Majestic Star casino to pay $22 million in overdue Lake County taxes before state
regulators vote on whether to renew the Gary casino's license.
Governor backs card counter banned by casino
Indiana Gov. Mitch Daniels used the story of a blackjack player’s lawsuit in telling Franklin College graduates about using
skill to push the odds in one’s favor.
Centaur’s junior lenders press for bankruptcy liquidation
Unsatisfied with the Hoosier Park owner’s reorganization plan, hedge funds represented by Wells Fargo Bank petition for conversion
of Chapter 11 bankruptcy into Chapter 7.
Centaur bets on risky restructuring plan
Bankrupt Hoosier Park owner Centaur Inc. has offered its creditors a risky reorganization plan. For it to work, dozens of
hedge funds must stay in the game, in return for a chance to buy a big chunk of the company later.
Indiana high court hears casino card-counting case
An Indianapolis man sued the Grand Victoria Casino and Resort after it banned him from the blackjack table in 2006. The casino
won the suit, but the state appeals court reversed that decision. The casino asked the high court to weigh in.
Downgrade a red flag for Indiana Live casino
New York-based Moody’s Investors Service has downgraded its credit rating for Indiana Live horse track and casino, a warning
signal that the Shelbyville facility may soon follow its Anderson counterpart Hoosier Park into bankruptcy.
Indiana takes over third place in gambling revenue
Indiana’s reign at No. 3 may not last more than a year. It faces new competition from Ohio and possibly Kentucky.
Hoosier Park owner seeks to reorganize $680M in debt
Centaur LLC, which filed for Chapter 11 bankruptcy protection on Sunday, plans to sell its Colorado casino. Much of its debt
was incurred to upgrade
Hoosier Park in Anderson and add its slots parlor.
Hoosier Park owner Centaur files for bankruptcy protection
Indianapolis-based Centaur LLC, owner of Hoosier Park horse track and casino in Anderson, filed for Chapter 11 reorganization
on Sunday. The company’s casino, racing and hotel operations will continue without interruption, it said.
MARCUS: Hoosiers hear gospel of gambling
Gamblers wagered nearly $30 billion in 13 Indiana
casinos last year. Now, fellow taxpayers, if I understand these numbers, 91 percent of these dollars were returned as winnings and an additional $876 million (3 percent) went to our state and local
governments for our benefit.
Bid to move casinos inland pulled from House floor
Rep. Bill Crawford unexpectedly pulled the measure after the House defeated his amendment to allow inland casinos while approving
another one to shift some of the tax burden from two central Indiana horse racing tracks with slot machines.
Gambling, jobless-insurance bills face deadline in Legislature
Both measures could be heavily amended before they are voted on as a whole.
Gambling to remain an issue in General Assembly
Issue likely to land in House, Senate conference committee.
House minority leader opposes land-based casinos
House Minority Leader Brian Bosma says he’ll fight any efforts to pass legislation allowing the state’s riverboat casinos
to move inland.
Senate panel to consider gambling bill
An Indiana Senate committee plans to consider legislation that would allow riverboat casinos on Lake Michigan and the Ohio
River to relocate inland.
Senate panel to consider riverboat casino changes
A state senator said his committee will consider legislation that would allow riverboat casinos on Lake Michigan and the Ohio
River to move inland in hopes of staving off new competition from neighboring states.
Newly opened racinos already face credit crunch
Clear signs emerged in 2009 that the Hoosier gambling market is oversaturated.
Major credit rating agencies expressed concerns that several casinos, including the state’s new horse track “racinos”
on the outskirts of Indianapolis, might go bust before the year was finished.
Bills in General Assembly would ease costs for casinos
The Indiana General Assembly is taking its first steps toward restructuring Hoosier gambling law.
Indiana weighs changes to combat out-of-state casinos
State lawmakers are weighing possible changes to state gambling laws at a time when growing competition from out-of-state
casinos threatens to cut into business at Indiana’s 11 riverboat casinos.