Agency endorses big cut to state horse racing’s $58M subsidy
The Indiana Inspector General recommends in a report that the annual subsidy paid to the state’s horse racing community be reduced by more than half, to $28 million.
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Ohio River bridge shutdown shrinks casino payments
The closure of Interstate 64's Sherman Minton Bridge linking New Albany and Louisville has reduced profit-sharing revenues paid by a southern Indiana riverboat casino to two counties and will delay officials from repaying $8 million to a foundation.
Court sides with racinos in tax dispute with state
A federal bankruptcy court has sided with two Indiana racinos in a dispute over their tax burdens, a ruling that could reduce the total amount they pay into state coffers by as much as $30 million per year.
Indiana casino expanding to fend off competition
Leaders of a southeastern Indiana casino are banking on a new $49 million convention center and hotel complex to help it compete with a casino being built in nearby Cincinnati.
Indiana gambling exclusion list has 4,200 members
Nearly 4,200 people have asked the Indiana Gaming Commission to bar them from entering casinos across Indiana.
Anderson racino emerges from bankruptcy
The parent company of Anderson racetrack and casino Hoosier Park has officially emerged from bankruptcy. The original shareholders of Centaur Inc., about 80 individual Indiana investors, lost their entire investment in the company.
Indiana Live to get federal hearing on tax matter
Shelbyville racetrack and casino could save millions if it successfully contests the way Indiana interprets state tax law.
Cordish can press suit against CEO of Indianapolis Downs
Cordish Co., a real-estate developer building a casino near Baltimore, can pursue a defamation lawsuit against the CEO of its bankrupt former business partner, Indianapolis Downs LLC, a judge said Aug. 26.
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.
Indiana casinos see revenues drop, brace for rivals
State gaming commission records show that admissions at Indiana's 11 full casinos dropped about 3 percent through the first six months of this year when compared to 2010.
Simon wagers on Internet gambling’s future
Billionaire Herb Simon is betting online gambling will become legal—and that a new company he’s backing will reap a payoff as a result.
Northern Indiana casino cutting 50 full-time jobs
Majestic Star Casinos general manager Larry Buck says the changes at the two casinos on Lake Michigan in Gary were recommended by efficiency consultants hired by its creditors.
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 makes staff reductions
Indiana Live laid off about 30 members of its 800-person staff this week as the race track and casino’s owners sort through Chapter 11 bankruptcy.
‘Survivor’ star looking for investors for casino game
Rupert Boneham has created a casino table game and is searching for investors to help market it. A portion of the game’s revenue will benefit his Indianapolis charity, Rupert’s Kids.
Indiana lawmakers OK hotel sites for casino tourneys
Indiana's casinos would be allowed to hold card tournaments at hotels or other sites on their properties under a proposal that has cleared the state Legislature.
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.
Court OKs reorganization plan for Hoosier Park owner
Hoosier Park Racing & Casino owner Centaur LLC last week won court approval of its plan to cut debt by about $636 million and exit bankruptcy.
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.
Best bets: Finding the Indiana casino that’s a winner for you
So given Indianapolis’ central location, what’s a gambler to do when she gets the urge to press her luck? Figuring that out is nearly as hard as deciding whether to hit or stand on 16.