Shelbyville casino could exit bankruptcy in August
A judge on Thursday approved procedures for the potential sale of the property. Bids must be accepted by July 20, and an auction will be conducted on July 31.
Horse Tracks
Articles
Hoosier Park site in Indy tests mobile wagering
Patrons at Hoosier Park's off-track-betting site in downtown Indianapolis can now bet on horse races from the comfort of their seats, and they'll soon be able to place wagers from their smartphones.
Races canceled at Shelbyville horse track after complaint
The Indiana Horse Racing Commission says the closing of Indiana Downs in Shelbyville on Friday and Saturday is being done in an "abundance of caution" to protect horses and riders.
Purchase offers fail to satisfy creditors of Shelbyville casino
Owner of Indiana Grand Casino plans to proceed with recapitalization plan instead.
Martin prevails in appeal of ruling that banned him from horse tracks
Industry stalwart prevails in fight against Indiana Horse Racing Commission, which found that he had participated in racing and wagering activities without a license.
Federal suit intensifies horse-racing dispute
Former car dealer Ed Martin Jr., already banned from state horse racing tracks, is accusing the Indiana Horse Racing Commission of violating his civil rights and trespassing on his Florida thoroughbred farm during an investigation it launched against him.
Indiana Downs closing Evansville off-track site
An off-track, pari-mutuel betting parlor in Evansville owned by Indiana Downs is set to close as the central Indiana-based company that owns it remains in bankruptcy protection.
Shelbyville casino fined $150,000 by state gaming agency
The most serious offense by horsetrack and casino Indiana Live involved sending electronic promotions to dozens of people who had voluntarily excluded themselves from receiving casino solicitations.
Indiana Live parent seeks Chapter 11 loan extension
Indianapolis Downs LLC, parent company of Indiana Live horserace track and casino in Shelbyville, wants lenders to grant a one-year extension of financing for the Chapter 11 reorganization that otherwise would expire in April.
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.
Kentucky governor: Casino gambling bill coming soon
A long-awaited proposal to open Kentucky to casino gambling so it can compete with neighboring states could be introduced in the state's Senate within days.
Indiana Live asks court for $23 million tax refund
Bankrupt racetrack and casino asks for help recovering money from Indiana Department of Revenue.
Purdue study: Indiana’s horse industry generates $2B
The study of the horse industry's 2010 impact found racing generates the most revenue, while people who enjoy riding and other horse-related activities for recreation comprise the industry's largest segment.
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.
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.
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.
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.
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.