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State officials were betting that Indiana gaming revenues would take a major hit when a downtown Cincinnati casino and two racinos opened in.


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Kenley and Senate Public Policy Committee Chairman Ron Alting, R-Lafeyette, believe letting riverboat casinos — which don't actually sail — move to land would be a better solution. Lawmakers seem unwilling to cut their losses yet. And local governments near casinos rely on casino revenue for basic city, county and town services such as fire protection, roadwork and infrastructure. State officials believe they can rely on other forms of revenue, including income and sales taxes. The legislature ought not to be insulating any company from competitive pressures. But revenues continue to plunge month by month. Please be polite. Senate Appropriations Chairman Luke Kenley, R-Noblesville, is worried about continued declining revenue projections in gaming, sales taxes and income taxes — three significant state budget funding sources. Last year, they asked for help in anticipation of the Ohio expansion but lost. And Indiana's gambling problem goes further than Ohio. But more competition is headed their way from Illinois, Kentucky and Michigan. You will need to register before adding a comment. House Speaker Brian Bosma, R-Indianapolis, noted "We have to find the right balance, what's right for Hoosiers and what's right for the industry. This May, for the first time since Indiana riverboat casinos opened near Cincinnati in , more metro area gambling dollars were spent in Ohio than in Indiana, according to an analysis conducted by the Cincinnati Enquirer. Lawrenceburg Clerk-Treasurer Jackie Stutz anticipates the revenue will shrink even more dramatically this year. But the riverboats still want to build on land. The Belterra, he said, is the county's largest private employer, and the money is vital to a community. Call Star reporter Chris Sikich at Follow him on Twitter: ChrisSikich. The racinos in Anderson and Shelbyville — the only gambling operations in Indiana to post revenue increases in the last 11 months — want to add live gaming. The ,square-foot new facility features 2, slot machines, 85 table games, an events center and several restaurants. This is a test to see whether we can improve the experience for you. You do not need a Facebook profile to participate. Others wonder why the government should prop up any of them. A link has been sent to your friend's email address. And more competition could come from within the state. Senate leaders have the opposite take.

Casinos down on their luck friends in your social network know what you are reading about. But some outside the Statehouse are skeptical the state can — or should — do anything.

And it has proven to be a tremendous casinos down on their luck hit to source state of Indiana's bottom line.

In Switzerland County, County Council President Mike Jones said he's concerned declining revenues will spur the casino to alter its deal with lcoal governments.

That day may be far away, though. Check out this story on news-press. Allowing live gambling at racinos, he thinks, would just draw Central Indiana customers from Indiana's casinos.

State officials were betting that Indiana gaming revenues would take a major hit when a downtown Cincinnati casino and two racinos opened in Ohio last year. The reason is clear. The racinos in Central Indiana, which casinos down on their luck have gambling machines, wanted to offer live gaming.

He's skeptical that letting riverboats build land-based casinos is the right answer. When gambling came to Indiana in the s, the state chose to bunch the majority of its riverboat casinos around major cities in other states, namely Chicago, Louisville and Cincinnati.

Powerful Republicans disagree on how — though perhaps not if — they should help. They've also tried to read article up their aging properties.

Mike Hicks, a Ball State University economist, believes gambling revenues are likely to continue to decline no matter what the state does, saying the economy remains sluggish, the competition has increased, and the novelty of gambling may be wearing off in Indiana.

It's Read more to disagree with someone's ideas, but personal attacks, insults, threats, hate speech, advocating violence and other violations can result in a ban.

Chris Sikichchris. Typed comments will be lost if you are not logged in. That's commerce. Competition has changed the game forever. Dillon Dorrell, a member of Ohio County's County council, estimates the county's income from gaming will drop 50 percent.

The riverboats wanted to build large, visitor-friendly casinos on land. In December, one racino https://prikol-smotri.fun/casino/nugget-casino-event-center.html a horsetrack with gambling machines — opened near Cincinnati and another in Dayton, dealing Hoosier casinos another blow.

He appears to be in no mood for another giveback. Now, Illinois is adding 15, virtual gaming machines at local bars and taverns, a concern especially for the four riverboats in Each Chicago, Gary and Hammond. Legislators, some who prefer tax breaks and some who prefer an expansion casinos down on their luck gambling, are examining the issue this summer and appear poised to help.

Faced with that new reality, Indiana's casinos are wagering that state lawmakers will help bail them out. Smith, the casino association chief and a former https://prikol-smotri.fun/casino/riverside-casino-laughlin-nevada-dining.html lawmaker when the legislature casinos down on their luck gambling in the s, said some of the riverboats argue that state-of-the-art, land-based casinos will draw back out-of-state customers and lure more Hoosiers.

The confined space on the water prevents local riverboat casinos from fully competing casinos down on their luck newer, fancier facilities across the state line. Cancel Send. State lawmakers are studying the issue this summer, but a winning answer may not come easily.

To respond, the casinos have increased advertising in Ohio and southeast Indiana, Smith said. ET June 17,

Lawmakers will float legislation when the summer study committee concludes this fall. An agreement, if there is one, likely won't be reached until they finish wrangling over the two-year state budget next spring. The racinos still want to offer live gaming. In Michigan, the Four Winds Casino opened in near the border with Indiana and has since opened two satellite locations. But at least one economist wonders if it's time to let gaming houses cover their own bets. Post to Facebook. A link has been posted to your Facebook feed. After all, some Ohio and Indiana casinos are owned by the same companies. The effect in Indiana was immediate and the drop in revenues sharp. Comments Welcome to our new and improved comments , which are for subscribers only. ET June 14, Updated a. In Kentucky, horse tracks have been permitted to install gaming machines, a concern especially for the Horseshoe Southern Indiana and the Tropicana along the border. If you see comments in violation of our community guidelines , please report them. Share This Story! The next closest casinos to Cincinnati, the Rising Star and Belterra, took 30 and 23 percent hits to revenue, respectively. Gaming lobbyists plan to ask the General Assembly for a hand in , likely through a mix of tax breaks and more gaming options. To stay in the game, Indiana's riverboat casino owners have made modest investments in their properties and boosted marketing. He opposed the expansion of gambling two years ago and appears poised to do so again. Welcome to our new and improved comments , which are for subscribers only. Gambling lobbyists, the casinos, racinos and local officials are asking their state lawmakers to ante up again. Many gamblers who once flooded southeast Indiana's three riverboat casinos spent their money in Ohio during the past year. The three nearby Indiana riverboats took in 46 percent of gambling dollars in the region, down 18 percentage points from a year ago.