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Centaur Inc., owner of Hoosier Park in Indiana, closed Oct. 30 on a $1-billion financing package, almost half of which will be used to develop a slot-machine casino at Hoosier.
Wednesday, October 31, 2007Indiana lawmakers advanced a bill to the desk of Gov. Mitch Daniels late April 29 that would permit slot machines at Hoosier Park and Indiana Downs, but each track must pay $250 million up front for a slots license.
Saturday, April 28, 2007A proposal that could lead to eliminating the state's $27-million-a-year subsidy to the horse racing industry likely won't make it out of the starting gate.
Tuesday, December 12, 2006The Illinois General Assembly has approved and sent to Gov. Rod Blagojevich legislation that would provide as much as $35 million a year in subsidies for Illinois racing--but only for two years.
Friday, May 05, 2006Revised legislation that would provide the Illinois horse racing industry with casino revenue passed the state House of Representatives 70-32 April 26 and heads to the Senate for consideration.
Thursday, April 27, 2006Legislation 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.
Tuesday, March 28, 2006Legislation that would funnel more than $50 million a year to the Illinois racing industry cleared a House committee March 1, but it failed to win enough support after a third reading March 3.
Friday, March 03, 2006A proposal by Illinois House Speaker Michael Madigan to ban riverboat gambling in Illinois has been dry-docked in the state Senate.
Friday, November 04, 2005Penn National Gaming Inc. reported an increase in net revenue for the first quarter of 2005 compared with the comparable period in 2004, but also showed a $2-million loss in net income.
Tuesday, April 26, 2005Illinois 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.
Friday, April 01, 2005Prairie Meadows' board of directors has unanimously passed a resolution that would change the makeup of its board in exchange for business support to oppose a Des Moines riverboat casino.
Thursday, July 22, 2004The 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.
Monday, September 29, 2003Slot 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.
Tuesday, September 09, 2003Illinois Gov. Rod Blagojevich, in a major reversal of form, has announced he will veto any expansion of gaming in Illinois, including a plan to put slot machines at racetracks.
Wednesday, May 21, 2003Three pieces of legislation that would directly impact Indiana's horse racing industry are making their way through the General Assembly.
Thursday, February 20, 2003The 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.
Tuesday, September 17, 2002The 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.
Friday, September 13, 2002Dockside 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.
Wednesday, June 05, 2002The latest unlikely solution for a huge Illinois state budget crisis: Slot machines at racetracks.
Thursday, May 16, 2002Delta Downs generated nearly $25 million in gross revenue--86% from its slot-machine parlor--for the first quarter of 2002, according to financial statements.
Tuesday, April 23, 2002Turfway Park in northern Kentucky reported declines in on-track betting and attendance and overall handle during the winter/spring meet that concluded last Thursday.
Wednesday, April 10, 2002The 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.
Tuesday, February 26, 2002The future of video gaming at racetracks and dockside gaming at riverboat casinos in Indiana could be decided as early as Monday.
Monday, February 25, 2002Dockside 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.
Friday, February 01, 2002Indiana 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.
Wednesday, January 16, 2002Faced 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.
Friday, November 16, 2001A 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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