Indianapolis Downs LLC, which operates Indiana Downs and its companion Indiana Live! Casino, said April 7 it has filed voluntary Chapter 11 petitions.
The Indiana Horse Racing Commission has approved the framework for the state's 2003 racing calendar. Now, it must OK specific dates, which could be difficult with two racetracks and two breeds.
Hoosier Park and Indianapolis Downs both submitted tentative 2003 racing schedules to the Indiana Horse Racing Commission Oct. 1, with each plan dividing the days in drastically different fashion.
The Indiana Horse Racing Commission, in close vote, has ruled that two racetracks will compete for a riverboat admissions tax subsidy rather than split the revenue 50-50.
Indianapolis Downs, a Standardbred track currently under construction and set to open in Shelby County in December, is poised to offer at least 20 days of Thoroughbred racing in 2003.
A revamped Indiana Horse Racing Commission granted approval July 2 for the proposed Indianapolis Downs to build and operate an off-track betting parlor in Evansville, not far from Ellis Park in Kentucky.
Indianapolis Downs, a racetrack under construction in Indiana, could be fined $1.2 million by the Indiana Horse Racing Commission for failure to disclose details about a consultant and lobbyist. An attorney for the association denied the allegations.
With the help of three Republicans who crossed the isle June 7, hopes for dockside gaming and pull-tab legislation continue to live as the full House passed House Bill 1001 by a 51-47 margin. The legislation now moves to the full Senate, which has a Republican majority.
Dockside gaming and pull-tab legislation were not passed into law during the Indiana General Assembly's regular session earlier this year, but both measures have made their way into a new budget bill during the special session now under way.
Proponents of "pull-tab" machines for the horse racing industry and dockside gaming for riverboat casinos may have renewed hopes in Indiana. Gov. Frank O'Bannon has said he will call lawmakers back for a special session beginning May 14.
The Indiana House passed legislation Feb. 26 that allows for dockside gaming at riverboat casinos, and pull-tab machines in the state. Lawmakers approved the Senate bill by a 55-43 margin.
The future of video gaming at racetracks and dockside gaming at riverboat casinos in Indiana could be decided as early as Monday.
Dockside gambling on Indiana riverboat casinos and electronic pull-tabs at Hoosier Park and the proposed Indianapolis Downs are one step closer to reality after a close vote in the Indiana Senate Jan. 31.
Indiana House and Senate committees passed bills Jan. 22 that pose substantial changes to the riverboat and horse racing industries in the state.
Indiana Gov. Frank O'Bannon gave his state of the state address Tuesday evening before members of the General Assembly, and the pari-mutuel industry wasn't left out of the equation.
The Indiana Horse Racing Commission granted 2002 racing dates to Hoosier Park and Indianapolis Downs Tuesday, but not without some changes. Hoosier Park will conduct a 90-day Standardbred meet and 70-day Thoroughbred meet, while Indianapolis Downs will offer 19 days of Standardbred racing next December.
One week after Indiana Governor Frank O'Bannon proposed the transfer of $10 million from the horse racing industry to the state's general fund, Hoosier Park and Indianapolis Downs officials are calling the cut critical and are looking to other forms of revenue to offset the potential loss.
Indianapolis Downs took a major step toward construction of the state's second pari-mutuel racetrack Nov. 13 when it closed a deal to purchase 152 acres near Interstate 74 in Shelby County. No purchase price was disclosed. The facility, which is slated to open Dec. 6, 2002, will cost $30 million.
Faced with a slumping local economy and notification from state officials that Indiana's growing budget deficit could leave it without money by mid-2003, Gov. Frank O'Bannon on Thursday night outlined a plan to keep the state from going broke.
After having offered an unprecedented 193 days of live Standardbred, Thoroughbred, and Quarter Horse racing this season, Hoosier Park on Thursday submitted a request to the Indiana Horse Racing Commission for 120 days in 2002.
Indianapolis Downs has filed an application for a license to operate a satellite wagering facility in Evansville, Ind., only minutes from Ellis Park in Henderson, Ky. Officials with the proposed racetrack claim the southern Indiana marketplace is underserved by Hoosier Park, currently the state's only pari-mutuel racetrack. Churchill Downs owns Hoosier Park and Ellis Park.
The Indiana Horse Racing Commission has established criteria for the distribution of riverboat casino admissions-tax revenue in light of the fact a second racetrack is scheduled to open in 2002 in the state.
The Indiana Horse Racing Commission on Wednesday unanimously approved plans for Indianapolis Downs, which would become the state's second pari-mutuel racetrack. It did so despite continued objections by Hoosier Park and its majority owner, Churchill Downs Inc. Hoosier Park officials have said the central Indiana market cannot support two racetracks.
- By Tom LaMarra
An application to build what would become Indiana's second pari-mutuel racetrack will be heard May 9 during an Indiana Horse Racing Commission hearing. The hearing on the proposed Indianapolis Downs could last until May 10 depending on testimony.
Indiana Horse Racing Commission has been asked to reconsider its denial of an operating license for Indianapolis Downs
The developer of a proposed second horse racing track in Indiana has filed a petition with the state racing commission seeking reconsideration of his license rejection.
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