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Seeking Alpha

One of the biggest bets on the Las Vegas Strip is not a casino stock

VICI Properties (NYSE: VICI) continues to pique the interest of investors in both the casino and real estate sectors, due in part to its standing as the single largest landowner on the Las Vegas Strip. The company leases out high-profile properties such as Mandalay Bay, Luxor Las Vegas, MGM Grand Las Vegas, Park MGM, Venetian Las Vegas, and…

Land-based ・ 13 days

Trib Star

Terre Haute Casino Resort set to open April 5

Terre Haute's new casino is scheduled to open April 5, with the adjacent hotel to open May 15. The Terre Haute Casino Resort, which is owned by Churchhill Downs, posted the opening dates on its Facebook page Monday afternoon. The casino grand opening celebration is set for 10:30 a.m. April 5. Thereafter, the casino will be open 24/7. The casino and…

Travel ・ 10 January 2024

The Chicago Crusader

With gambling legislation on pause, some push for reform

The leaders of the Statehouse's dual Republican supermajorities have been clear: after recent gambling industry scandals involving former lawmakers, next year's legislative session will include no expansion. That's prompted a divided response over what to do instead. It's a chance for reform, some government transparency and ethics advocates say.…

Law ・ 03 December 2023

The Indiana Lawyer

Legalizing online casinos lands backing of Indiana House committee chair

A rising Indiana lawmaker from Cass County will sponsor legislation to legalize online casino gambling and online lottery games, which would give Hoosiers the ability to play state lottery and casino games on their smartphones, tablets and desktop computers. Rep. Ethan Manning, a Republican from Logansport, said the bill will be similar to his…

Law ・ 09 January 2023

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Indianapolis Business Journal

Legalizing online casinos lands backing of House committee chair

A rising Indiana lawmaker from Cass County will sponsor legislation to legalize online casino gambling and online lottery games, which would give Hoosiers the ability to play state lottery and casino games on their smartphones, tablets and desktop computers. Rep. Ethan Manning, a Republican from Logansport, said the bill will be similar to his…

Law ・ 06 January 2023

Trib Star

Vigo casino could be ready by December 2023

Bulldozers began moving dirt shortly after a June 21 groundbreaking to start construction of the Queen of Terre Haute Resort Casino on the city's east side. Churchill Downs Inc.'s $260 million project, up from an initial $240 million, is to include a casino with 1000 slot machines and 50 table games, as well as a 10-story hotel featuring 125 luxury…

Gaming Authorities ・ 22 October 2022

The Center Square

Indiana nets $691M in gambling taxes; consumers lose $2.5B

Finance ・ 12 September 2022

WFYI

Ex-Indiana lawmaker sentenced in casino money scheme

A former Indiana state senator was sentenced Wednesday to 10 months in prison for his role in a scheme that illegally funneled money from a casino company to his unsuccessful 2016 congressional campaign. The federal investigation into contributions to Republican Brent Waltz's campaign tied to a former casino executive led the Indiana Gaming…

Law ・ 19 August 2022

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Vegas Slots Online

Former Senator Pleads Guilty in Casino Contributions Case

A former Indiana senator had pleaded guilty to taking illegal contributions totaling $40500 from a casino company during his unsuccessful congressional campaign. Former Senator Brent Waltz pleaded guilty on Monday, just a week before he was to go to trial. The other defendant in the case is a former leading executive at Spectacle Entertainment,…

Law ・ 12 April 2022

Indianapolis Business Journal

2021 Year in Review: Scandal rocks casino project

Troubled Indianapolis-based casino company Spectacle Entertainment was at the center of multiple controversies in 2021, from its top executive being forced out to losing stakes in two new casino projects. In March, the Indiana Gaming Commission forced Spectacle CEO and Centaur Gaming CEO Rod Ratcliff to give up his ownership stake and state casino…

Incidents ・ 31 December 2021

The Indianapolis Star

Pulliam: Indiana gambling industry lobbying despite state ban

Indiana's embrace of casino gambling is bearing the predictable fruit of political corruption. Casino opponents warned that this heavily regulated industry would tarnish the state sooner or later. Now a former casino executive is pleading guilty to a violation of the state ban on political contributions from casinos. Kyle Waggoner is the former…

Industry ・ 03 November 2021

Vegas Slots Online

IGC Rules on Terre Haute, Horseshoe Hammond Casinos

The Indiana Gaming Commission (IGC) has provided rulings regarding two casinos in the state, denying the renewal of one facility's license and canceling the forced sale of another. In a blow to its owner Lucky Luck Gaming, a new Terre Haute casino in Vigo County will not have its gaming license renewed by the regulator, according to a ruling…

Gaming Authorities ・ 28 June 2021

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Indianapolis Business Journal

Gambling regulators suspend casino exec Ratcliff’s license as part of larger investigation

The Indiana Gaming Commission on Wednesday suspended the occupational gaming license of longtime casino executive Rod Ratcliff after tying him to a federal investigation involving campaign finance violations. The suspension comes as the commission continues to investigate people associated with Spectacle Entertainment, a company Ratcliff helped…

Law ・ 19 January 2021