Study panel outlines options to keep gambling competitive
The Gaming Study Committee’s report said allowing riverboat casinos to relocate inland could be helpful.
Gambling
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Indiana casino owner declares bankruptcy
Majestic Star Casino LLC owns two casinos and a hotel in Gary, a casino-hotel in Tunica County, Miss., and a casino in Black
Hawk, Colo.
Majestic Star casino company misses debt payments
The company that owns two casinos along Indiana’s Lake Michigan shore has been declared in default on nearly $80 million in
debt by its lenders.
Supreme Court to hear gambler’s suit
The Indiana Supreme Court will hear arguments this week on whether an Ohio River casino should have allowed a compulsive gambler
to play and lose $125,000 in a single night.
Voters in struggling Ohio back four urban casinos
Ohio voters hit hard by the economic downturn have approved casinos on the fifth try by gambling supporters in the past two
decades.
Ohio casino question could affect Indiana
Ohio voters are poised to weigh in on a ballot question that would authorize casinos in Cincinnati, Cleveland, Columbus and
Toledo.
Hoosier Park owner misses $13.4M loan payment
Indianapolis-based Centaur LLC, owner of Anderson’s Hoosier Park horse track and casino, missed a $13.4 million interest payment due Tuesday on its more than $400 million in outstanding debt, putting the company in default with its lenders.
EDITORIAL: State can’t rely on gambling revenue
State and, to some extent, local government
has come to rely on gambling revenue. And now that neighboring states are launching a competitive
assault on Indiana casinos, it’s time to get back to the original intent before the revenue shrivels and leaves necessary
government services high and dry.
Card counter sues for place at blackjack table
A gambler who counts cards is asking the Indiana Court of Appeals to force an Ohio River casino to allow him to play blackjack.
Cash-strapped Hoosier Park racing to restructure $400M in debt
Despite rampant speculation, Anderson’s Hoosier Park is not facing imminent bankruptcy, according to its owner, locally
based Centaur Inc.
Indiana has highest casino taxes in Midwest, report says
Indiana casinos on average pay the highest effective tax rate in the Midwest, according to a report by the Casino Association
of Indiana.
Slots revenue revives hopes of state’s horse breeding industry
Purses at Hoosier Park in Anderson and Indiana Downs in Shelbyville have swollen since the two tracks added slot machines
in June 2008.
Hoosier Park quarantines 59 horses over illness concerns
Fifty-nine horses have been quarantined because of a suspected contagious infection at central Indiana’s Hoosier Park race
track.
Indiana casinos facing more competition from other states
Indiana’s casinos are facing increasing competition from gambling ventures in Michigan and Ohio that could pose a threat to
the $900 million in tax revenue the industry generates for the state.
Fort Wayne mayor still seeking casino referendum
Fort Wayne’s mayor said he still thinks residents should be able to vote on whether they want the city to have a casino despite
the opposition of other local leaders.
Indiana racinos raise concerns with lawmakers
Officials with casinos at Indiana’s two pari-mutuel horse racing tracks told lawmakers today that taxes imposed on them are
too high and are threatening their viability.
State gambling revenue expected to stay flat
Indiana’s share of tax money generated by the state’s 13 casinos is expected to remain relatively flat for at
least the next few years, a state fiscal analyst told Gaming Study Committee members this morning.
Lottery sales fall 11 percent as Lotto, scratch-off demand wanes
The Hoosier Lottery limped through its latest fiscal year, turning in its poorest sales performance in a half-decade due mostly
to declining demand for Hoosier Lotto tickets and scratch-off games, the Lottery said today.
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.
Recession forces casinos to go all in with pricey expansion projects
In a saturated gambling market, Indiana casinos increasingly rely on expanded entertainment options to
attract patrons. The upshot is that an industry once considered “recession-proof” is asking
the General Assembly for lower taxes and hopes to eliminate expensive regulatory requirements like maintaining engines
and crews.