Casino officials are also concerned about the tax and fee rate as a percentage of revenue, which is almost 50 percent.
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updated: 6/17/2009 1:00:44 PM
Daniels Opposes Bailout For Hoosier Park
Governor Mitch Daniels says he is not supporting legislative efforts to give Hoosier Park in Anderson money to help it avoid bankruptcy. Daniels has told our partners at the Herald Bulletin in Anderson that he believes the company is dealing with a huge out of state debt load. He also says this is not a time to be bailing out businesses.
Source: Inside INdiana Business
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Hoosier Park officials are seeking relief from licensing and other state fees and say without help they may have to file for bankruptcy.
Officials say the state's $250 million licensing fee is making it tough to survive in the current economy.
Indiana Gaming Commission Director Ernie Yelton believes bankruptcy is imminent unless relief is granted.
Source: Herald Bulletin
