Business

Business
3:55 pm
Wed February 25, 2015

House Approves Gaming Bill, But Senate Uncertainty Awaits

The issue of adding live dealers at racinos may be the biggest hurdle in the Senate.
Credit Lisa Brewster / https://www.flickr.com/photos/sophistechate/2670946312

Legislation aimed at helping Indiana’s struggling gaming industry easily cleared the House Wednesday.  But its path to final approval may be more difficult.

The gaming bill would allow riverboats to move on land, give casinos a ten percent tax credit for new construction, and allow racetrack casinos to replace some of their electronic table games with table games that have live dealers. 

The bill’s outcome became less certain this week when Governor Mike Pence objected to the live dealers as an unwanted expansion of gaming. 

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Business
7:13 am
Wed February 25, 2015

Amazon Opening Brings Questions Of Space Use, Competition

Purdue President Mitch Daniels tries in vain to cut the ribbon at the first of two Amazon locations on campus.
Credit Stan Jastrzebski / WBAA News

There was a brief moment at the ribbon-cutting for the new Amazon pickup location that spoke to the debate surrounding it.

Purdue President Mitch Daniels, who’d been handed one of those oversized pairs of scissors used only for such an occasion, found that though the space behind him was cutting edge, his scissors were not – he tried repeatedly to slice the ribbon, was met with little success and almost gave up.

“Ok, it’s off…seemed like a good idea,” Daniels joked to the crowd.

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Business
6:30 am
Wed February 25, 2015

Gaming Bill Amendments Stripped As House Advocates Summer Study

House Ways and Means Chairman Tim Brown killed his own amendment on the floor Tuesday.
Credit Chris J / Flickr / https://www.flickr.com/photos/chrisjones/5993842164

Controversial changes to Indiana’s gaming tax made in a House committee were taken out of a bill on the House floor Tuesday.

An amendment in the Ways and Means committee to gaming legislation last week eliminated the state’s admissions tax, changed the wagering tax and forced communities with casinos to renegotiate local agreements with those gaming facilities. 

Those changes could have cost local communities tens of millions of dollars. 

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Business
6:00 am
Mon February 23, 2015

Statehouse Casino Debate Pits Owners Against Each Another, Neighboring States

A bill in the legislature is supported by some in the gambling industry and opposed by others.
Credit John Wardell / https://www.flickr.com/photos/johnwardell/80125882

Rising Star Casino Resort, located in the Southeastern corner of the state, was the first Indiana riverboat in the region. At its peak, the casino earned $160 million dollars per year.

But CEO Dan Lee says those days are gone.  Last year the casino only took in $60 million.

“This was built here as the first casino in the tristate area," Lee says. "It made a lot of money in those days. We’re sitting here now with it, trying to cover the payroll.”

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Business
6:00 am
Fri February 20, 2015

Ways And Means Changes Riverboat Taxing As It Passes Casino Bill

As part of the deal, casinos would no longer have to pay a $3 tax on everyone who walks in their doors, whether that person gambles or not.
Credit Chris J / Flickr / https://www.flickr.com/photos/chrisjones/5993842164

Local communities with casinos could face significant financial losses under changes made Thursday in the House Ways and Means Committee to gaming industry legislation. 

Communities where casinos are located currently get four pots of money because of those facilities: dollars from the admittance tax and the wagering tax, money from the state to supplement previous losses in the admittance tax, and money from what are called local development agreements, or L-D-As – essentially, side contracts with the casinos themselves. 

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