Riverboat Casinos

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Fairmount Park Tax-Break Bill Sent to Governor

Legislation that would grant Fairmount Park a tax break worth almost $1.4 million a year has passed both houses of the Illinois legislature and awaits the signature of Gov. Rod Blagojevich. If approved, the track could increase purses and racing dates, according to reports.

Illinois Governor Floats Idea of Gaming Expansion

Illinois Gov. Rod Blagojevich, after long opposition, has opened the door to the expansion of gaming. But his education-funding proposal doesn't specifically include the new casinos and support for racetracks that would make it politically viable in the state House and Senate.

Indiana Racetracks to Split Casino Subsidy Equally

  • News

The Indiana Horse Racing Commission sided with Indiana Downs Sept. 26 when it voted 4-1 to split riverboat casino admission tax revenue 50/50 with Churchill Downs Inc.-owned Hoosier Park. The move guarantees $5.4 million a year to Indiana Downs indefinitely.

Louisiana Racino Appears to Impact Riverboat Casinos

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Slot machines at Louisiana Downs in Bossier City, La., appear to have impacted five riverboat casinos in the Shreveport/Bossier City market, according to July revenue reports filed with the Louisiana Gaming Control Board.

Interesting Twist: Racetrack Slots Hurt Boat's Business

  • News

The Isle of Capri in Lake Charles, La., wants to move one of its two riverboat casinos closer to the Texas state line because a lucrative slot-machine parlor at nearby Delta Downs is having a negative effect on its business.

Two Indiana Tracks Must Compete for Subsidy

  • News

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.

Indiana Gaming Expansion Lingers at Special Session

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.

Indiana House OKs Expanded-Gaming Legislation

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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.

Indiana Gambling Bill Progresses in Legislature

  • News

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 Racing Could Pay Price in Budget

  • News

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.

Indiana Budget Woes May Impact Racing

  • News

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.

Hoosier Park Could Get Electronic Gaming Devices

A comprehensive overhaul of Indiana's gaming laws, including a provision to allow electronic pull-tab machines at Churchill Downs-owned Hoosier Park, was approved Wednesday by a House committee. The proposed legislation passed on an 11-3 vote by the House Public Policy Committee is designed to alter state laws allowing dockside gambling for the state's riverboat industry.

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