Holcomb Signs Casino Bill

Posted: Updated:
(Image courtesy of WTHR-TV.) (Image courtesy of WTHR-TV.)
INDIANAPOLIS -

Governor Eric Holcomb has signed the much-debated casino bill into law. House Enrolled Act 1015 authorizes sports betting at Indiana casinos and via smartphones, as well as allows live-dealer gambling at Harrah's Hoosier Park Racing & Casino in Anderson and Indiana Grand Racing & Casino in Shelbyville in 2020. Previously, live gaming would have gone into effect a year later.

The bill was approved by the Indiana General Assembly on the final day of the legislative session. It also allows Indianapolis-based Spectacle Entertainment, which owns the two Majestic Star riverboat casinos in northwest Indiana, to move one of the casinos to a new location in downtown Gary and the other to a new spot Terre Haute. The latter must still be approved by voters, according to our partners at WIBC

Additionally, Spectacle will be required to pay a $20 million fee to relocate the Terre Haute casino, and must also compensate the cities of Evansville, French Lick, East Chicago, Hammond and Michigan City for what the station says would be an expected drop in business due to the relocated casinos.

Holcomb released a statement after signing the bill Wednesday:

Gaming is a highly regulated industry that once had little competition, but now does from surrounding states and new technology. By modernizing our laws, this legislation will spur positive economic growth for our state and for an industry that employs over 11,000 Hoosiers. Additionally, it will bring in new revenue and create hundreds of new jobs – both permanent and in construction. I will direct the Indiana Gaming Commission to monitor for potential effects of this bill so that we can make necessary changes in future legislative sessions.

State Senator Eddie Melton (D-Gary) also expressed his happiness with the bill's signing:

I am pleased that the governor chose to sign this monumental bill into law. The impact it will have on Gary, Northwest Indiana as well as the entire state is widespread, and I look forward to the historic changes that will take place. This is something our community has been working on for over a decade, and with this signature, hundreds of Hoosiers will find employment. Gary now has the opportunity to become an intermodal gateway for the United States.

Officials in northwest Indiana have expressed plans to transform the lakefront at Buffington Harbor, where the casinos are currently located, into an intermodal hub once the casinos move inland. 

  • Perspectives

    • Guide to Leaving a Legacy

      American philosopher William James once said, “The great use of life is to spend it for something that will outlast it.” Have you ever stopped to think about the impact you want to have on the world? Each day—and every dollar—is an opportunity to make a difference. Not sure where to start? Here are several ideas to get you on your way!   Your Presence Is a Present Not every charitable-minded person is financially positioned to give money to favorite...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Martha Hoover (left) pictured with Inside INdiana Business Television Host Gerry Dick in 2016.

      Hoosier Restaurateur Makes InStyle's 'Badass 50' List

      A Hoosier restaurateur has been recognized in InStyle Magazine’s recently released third edition Badass Women issue. The issue includes a bi-annual Badass 50 feature which spotlights dedicated women from the spheres of science, social justice, law, entertainment, politics, and other industries.

    • Coy: Interest in 16 Tech Growing

      For nearly 20 years, many wondered if the 16 Tech Innovation District on the near west side of Indianapolis would ever happen.  But last week, the project reached a visible milestone with the topping out ceremony for its anchor building.  Chief Executive Officer Bob Coy says now that progress can actually be visualized, interest is building for a talent attraction and retention project that has spanned four mayoral administrations.  “We have non-binding letters of...
    • Picture Courtesy: Indianapolis Airport Authority

      Indy Airport Among 'World's Best Domestic Airports'

      Travel + Leisure Magazine has named Indianapolis International Airport one of readers' favorite domestic airports in the world. The airport landed the second spot on the magazine’s 2019 World’s Best Awards. .

    • (photo courtesy of Rich Nye/WTHR)

      Thr3e Wise Men Broad Ripple Site Heading to Auction

      The site of the former Thr3e Wise Men restaurant and brewery in Indianapolis' Broad Ripple neighborhood is going up for auction next month. Indianapolis-based Key Auctioneers says the auction will include the facility's 30-barrel brewing system, restaurant and bar equipment, and three-way liquor license. The property is set for both an on-site and online auction August 1.

    • (photo courtesy IPFW)

      Purdue Fort Wayne Acquires Land for South Campus

      Purdue University Fort Wayne has officially closed on a three-story, 77,000-square-foot building and approximately 13 acres of land. The university paid $3.8 million for the property, which could become the new home for the Richard T. Doermer School of Business.