Articles

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.

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Site visit lifts county’s hopes for landing Harley

Harley-Davidson Inc. officials were in Shelby County yesterday assessing it as a location for a new motorcycle plant, but
it isn’t yet clear how the county stacks up to other U.S. locales that also are in the running for the economic-development
prize.

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Legislature snubs casinos, but forms study committee

Indiana’s struggling gambling industry didn’t get the relief it sought during the special session of the Indiana General Assembly. But embedded within the budget bill approved June 30 is a provision creating a gambling summer study committee. Its recommendations, due by Dec. 1, may make or break several of Indiana’s casinos.

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Two central Indiana racinos debut amid tough economy

The next few weeks will be critical for the state’s two new racinos, which need to open with a splash to meet their ambitious
projections of drawing more than 3 million visitors apiece annually. Hoosier Park in Anderson will open June 2, and Indiana
Downs in Shelbyville will follow a week later.

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Racinos may push gambling’s limits

During their first half-decade in operation, the state's casino slots machines grew their total sales to $22 billion,
according to Indiana Gaming Commission records. But in the last five years, slot sales grew just 18 percent, reaching $25.9
billion in 2006. That's what business textbooks call a maturing market.

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Off to slow start, French Lick fears threat from ‘racinos’

French Lick Resorts & Casino is already struggling, less than four months after its launch. And the casino’s owners are downright
terrified legislators soon will allow both of the state’s horse-racing tracks to become “racinos” and add up to 5,000 slot
machines.

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