Indiana Live receives offer from Hoosier Park owner
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.
Shelbyville
Articles
Indiana Live asks court for $23 million tax refund
Bankrupt racetrack and casino asks for help recovering money from Indiana Department of Revenue.
Shelbyville’s SCB Bank scrambles for capital
A Shelbyville-based bank appears to have missed a federally mandated deadline for boosting its capital levels, a failure that might put it at risk of government takeover.
Big name in horse racing banned from tracks
Ed Martin Jr., the former car dealer who helped create Indiana’s horse-racing industry, these days isn’t even welcome at the state’s tracks. The Indiana Horse Racing Commission banned Martin after he refused to obtain a license, but he filed a lawsuit in Marion Superior Court last month seeking to overturn the decision.
Racinos ask federal court to lower their tax liability
If Indiana Live and Hoosier Park prevail, the racetrack-casinos may cut they could cut their combined tax bill by $30 million a year.
Inventor on quest to bring medical device to market
Licensed practical nurse Nic Davis invented a device to kill and prevent the introduction of microorganisms that collect at catheter ports.
Indiana Downs owner halts lawsuit amid bankruptcy
Cordish Cos., a real-estate developer trying to build a casino near Baltimore, must temporarily halt a defamation lawsuit against the chief executive officer of Shelbyville casino owner Indianapolis Downs LLC, a federal judge said Tuesday.
Indiana Live owners using big-buck firms in Chapter 11 case
Indianapolis Downs LLC, owner of Indiana Live racetrack and casino, has hired top-tier national investment banking and law firms to represent it in Chapter 11 proceedings in U.S. bankruptcy court in Delaware.
Shelbyville uses new incubator to lure tech firm Tyros
A company that will soon become Shelbyville’s newest corporate resident has a nifty, high-tech idea to help schools, leagues and sports associations connect with sports referees and officials.
Suitors circle faltering racino
Two racetrack owners have signaled they’re interested in buying Indiana Live racetrack and casino in Shelbyville as the facility begins to sort out its massive debt.
Ex-manager files $600M suit against Indiana Live owners, others
Maryland-based Cordish Cos. says the casino owners withheld $8.4 million in payments and conspired with other groups trying to sabotage its plans for a Maryland gambling facility.
Countertop maker to close Shelbyville plant
Iowa-based VT Industries will close its countertop manufacturing plant in Shelbyville and move the work to a new facility in Maryland, the company said Friday.
Budget would take slice out of growing horse industry
A move by budget-makers to tap the kitty that feeds the state’s horse-racing industry could deal a blow to the business just as Indiana is starting to gain ground on its neighbors.
Indiana Live owners miss interest payment
The owners of Indiana Live racetrack and casino failed to make an interest payment due Nov. 1 on $375 million in debt, providing additional fodder for credit analysts already worried about its financial condition.
Indiana Live swamped by debt, faces potential default
Owners of the Indiana Live racetrack and casino face an interest payment on the lion’s share of their $544 million in debt next month, as credit analysts continue fretting about the company’s ability to pay its bills.
State auto jobs creeping up again
Employment in Indiana’s auto industry has stabilized, and manufacturers even are hiring in small numbers. Hoosier automakers and parts suppliers added 10,000 workers this year through August, bringing total employment in the sector to 100,400.
Indiana Downs cancels horse races after complaints
The Shelbyville track's final race on Monday was canceled after a horse pulled up lame and was later euthanized. The track
canceled its full card of Tuesday races.
Shelbyville, county plan economic development projects
Millions of dollars in tax revenue that flows from the Indiana Live casino to local government coffers will be set aside for
economic development. Shelbyville Mayor Scott Furgeson hopes to present new projects to the city council in the next month
or two.
Shelbyville man sentenced for ripping off employer
John K. Branam was sentenced to 57 months in prison after pleading guilty to embezzling $1.6 million over four years from
King’s Title & Abstract Co.in Shelbyville.
Carbon Motors’ prototype cop car is crammed with technology
The specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in
the dark.