Indiana casinos could save an average of $1 million per riverboat each year under a proposal that would allow them to quit using captains and crews and maintain motors that have been obsolete since the state allowed the boats to remain docked.
The court issued a pair of split rulings bolstering the rights of casinos by ruling against a woman who said a riverboat preyed on her gambling addiction and a card counter who sued for the right to play blackjack.
Las Vegas-based Full House Resorts on Monday announced plans to purchase the riverboat casino in Rising Sun, saying it could improve profitability.
The commission found the misconduct after an internal review about why 56 of 154 complaints made against the casinos during 2009 had gone unanswered.
Luna Gaming Central City LLC is paying $7.5 million in cash plus a $2.5 million note, less adjustments. There were no competing
bids.
Centaur plans to sell a casino west of Denver and a stalled casino development near Pittsburgh.
Indianapolis-based Centaur LLC said Wednesday it is asking a federal bankruptcy judge to approve bidding procedures to transfer
ownership of Valley View Downs.
Indiana's two busiest riverboats each saw big swings in their business last month, with the top Lake Michigan casino seeing
an 11 percent jump in revenue and the leading boat on the Ohio River recording an equal decline.
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.
Pennsylvania’s tax revenue from commercial casinos approached $1.1 billion in the fiscal year that ended June 30. Indiana
was second with $878 million and Nevada third with $831 million.
Officials say they believe a northwestern Indiana casino might owe $5 million more in back property taxes than previously
estimated.
It may take some time to trickle down to Indiana, but the American gambling industry is starting to show early signs of recovery.
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.
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.
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.
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.
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.
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’s reign at No. 3 may not last more than a year. It faces new competition from Ohio and possibly Kentucky.
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.
