Casinos in indiana

Caesars Entertainment s Next Great Empire ana?

Fresh out of bankruptcy, Nevada-based Caesars Entertainment is building up a new empire of casinos in the state of Indiana. Caesars agreed to purchase Indianapolis-based horse racing company Centaur Holdings LLC for $1.7 billion last week. The acquisition is expected to be completed in the first half of next year. Centaur owns and operates Anderson, Indiana’s Hoosier Park Racing and Casino, and Shelbyville, Indiana’s Indiana Grand Racing and Casino. Caesars properties in Indiana Hoosier Park is just 30 miles northeast of Indianapolis. The facility features a standardbred racetrack with live harness racing from April through October. Plus, there is year-round casino gaming,...

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Bill decreasing Indiana casino tax revenue moves forward

Bill decreasing Indiana casino tax revenue moves forward INDIANAPOLIS -- Indiana lawmakers have eased the burden of a proposed casino tax change on local and state government, but they would still lose money if a House bill becomes law. By the year 2021, local governments in casino communities around the state would lose a collective $6 million per year from the state government due to the proposed tax changes, and the state itself could lose $4 to $12 million per year. While most of the money the state loses now goes to the general fund, the Division of Mental Health alone would lose $2 million. Currently, the state pays $48 million to help supplement the money certain state funds and...

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Frost Brown Todd Wins on Behalf of Horseshoe Southern Indiana Casino: Frost Brown Todd Attorneys

Potential legal implications that could stretch far beyond Indiana borders. In a case that has potential legal implications that could stretch far beyond Indiana borders, Frost Brown Todd attorney Gene Price won a two-year court battle for Caesars Riverboat Casino, now known as the Horseshoe Southern Indiana casino. The case involved a Tennessee woman, Genevieve Kephart, who lost $125,000 in a single night of gaming. The casino sued to recover the money it lent her and she counter-sued, claiming the casino had a common-law duty to protect her from herself. Kephart claimed the casino had knowingly taken advantage her pathological gaming history. The court decided the counter-claim was viable...

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Caesars agrees to buy Indiana Grand, Hoosier Park racetracks, casinos

Staff Reports - TORONTO (WISH) -- Caesars Entertainment has agreed to acquire Hoosier Park Racing & Casino in Anderson and Indiana Grand Racing and Casino near Shelbyville, according to an announcement from a group of investors. Centaur Holdings, the owner of the two central Indiana racetracks and casinos, would sell the entities for $1.7 billion. The two facilities offer gaming, live and simulcast horse racing and dining. The proposed acquisition is subject to regulatory approvals. It is expected to close by July. "The addition of Centaur is the first example of our post-emergence, inorganic growth strategy," said Mark Frissora, president and chief executive officer of Caesars...

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Pokagon Band of Potawatomi Indians to open new casino hotel in Indiana

The Bureau of Indian Affairs has given the Pokagon Band of Potawatomi Indians the thumbs up to open a new casino & hotel in Indiana after agreeing to place 165.81 acres of land into trust. The Bureau of Indian Affairs has given the Pokagon Band of Potawatomi Indians of Michigan and Indiana the green light to open a new hotel and casino in South Bend, Indiana. The announcement came in the form of an impassioned letter of approval written by Lawrence S. Roberts, Principal Deputy Assistant Secretay of Indian Affairs and sent to John Warren, Chairman of the Pokagon Band of Potawatomi Indians. The letter apologised profusely for the Federal Government’s treatment of the tribe before...

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Caesars Breaks Ground on Horseshoe Southern Indiana Casino Relocation and Expansion Project

Caesars Breaks Ground on Horseshoe Southern Indiana Casino Relocation and Expansion Project Horseshoe Southern Indiana held Wednesday a groundbreaking ceremony to mark the official start of an $85-million project for the relocation of the riverboat casino on dry land. The Indiana Gaming Commission gave the green light to the plan in April. The riverboat casino hosted its official groundbreaking ceremony yesterday, but it said that construction work at the site where the land-based casino would be located has already begun. Owner Caesars Entertainment Corp. has previously said that between 50 and 100 people would be employed at peak construction times and that the plan would take 18 months...

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Indiana: Casinos, Online Gambling, Social Gaming and Gambling Law

If Americans were asked about their associations with Indiana, most would probably mention cornfields, basketball, or the Indianapolis 500 . The Hoosier State has long been a cornerstone of the Midwest. (Though it’s often overshadowed in the public eye by its bigger neighbors to the east and west — Ohio and Illinois, respectively.) In fact, much of northwest Indiana feeds into the sphere of activity surrounding Chicago. Politically, Indiana has voted for the Republican candidate for president in every election since 1980. The only exception was Barack Obama’s first election in 2008. Aside from the urban northwestern corner (which includes the Chicago suburbs) and Indianapolis, the...

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Caesars contesting $50M fee for 2 Indiana casino licenses

INDIANAPOLIS -- Casino giant Caesars Entertainment is threatening to drop plans for building a new casino in southern Indiana while arguing that it shouldn't be forced to pay a $50 million fee in the state for acquiring two horse track casinos near Indianapolis. Las Vegas-based Caesars announced in November that it would pay $1.7 billion to buy Centaur Gaming, which owns Hoosier Park, a casino and racetrack in Anderson, and the Indiana Grand casino and racetrack in Shelbyville. Caesars argues the state fee for transferring those casino licenses shouldn't apply. The company also told the Indiana Gaming Commission that it's reconsidering a $90 million project for building an on-land casino to...

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Indiana casinos suffer in wake of Ohio success

Indiana casinos suffer in wake of Ohio success With increased competition from Ohio casinos and racetrack video lottery terminals, the fate of Southern Indiana riverboats was a function of how far downriver they were anchored: the farther distance the better the results. For Horseshoe Southern Indiana in Harrison County, that meant a 2014 decline of 3.15 percent in win, the casino term for gross revenues, over the prior year, based on Indiana Gaming Commission reports. By comparison, that was far better than the losses of more than 25 percent at two upriver casinos and an 8.3 drop statewide. Meanwhile, downriver, the Tropicana in Evansville saw a 5.03 percent gain. "We hate being down,...

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Two Indiana casinos to get new owners in deals worth $3.3B, 2017-12-18, Indianapolis Business Journal,

Two Indiana casinos to get new owners in deals worth $3.3B Belterra Casino Resort in Switzerland County and Ameristar Casino in East Chicago are changing hands as part of a larger, three-company deal as the gaming industry seeks to diversify and cut costs at the same time. Pinnacle Entertainment—which owns Belterra and Ameristar—is being snapped up by Penn National Gaming Inc. in a deal worth about $2.8 billion. Penn already owns Hollywood Casino in Lawrenceburg, which means it must divest at least one property. Indiana law prohibits companies from owning more than two casino licenses in the state (although race-track based casinos in Anderson and Shelbyville are not included in...

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