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Indiana Gaming Update Law Passes

Discussion in 'Casino Industry & Development' started by troe, Jun 3, 2019.

  1. troe

    troe Tourist

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    I didn't see this posted anywhere here on VMB, but back in the first week of May, Indiana Governor Holcomb signed a new gaming bill into law with these highlights:

    -Mobile Sports Betting legalized effective September 1, 2019.

    -Live dealer table games authorized at Caesars' two racino properties Indiana Grand and Harrah's Hoosier Park effective Jan 1, 2020, moved up a year from the previously-approved 2021 date.

    -New Terre Haute casino license to be issued from surrender of one of Spectacle Entertainment's two licenses in Gary (Majestic Star I and II). License issuance will be competitive and is not guaranteed to be issued to Spectacle.

    -Spectacle Entertainment can move its other license from a water-based casino in Gary to a new land-based casino in the I-80/I-94 corridors for a $20MM fee, with the same number of positions and tables as both existing casinos combined.

    https://www.indystar.com/story/news/politics/2019/05/08/governor-holcomb-signs-bill-legalizing-indiana-sports-betting-allowing-terre-haute-casino/1128554001/
     
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  2. Norman Chad

    Norman Chad Low-Roller

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    Thanks for posting this update. Illinois just passed sports betting. Not sure on the timeline. Excited to see what happens in Terre Haute - I'm not far over the border.
     
  3. ffejry

    ffejry #1 Bears Fan

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    18 months with a casino (must physically walk into casino) then can do online betting
     
  4. DJP

    DJP Low-Roller

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    This is good news. I went to Hoosier Park one time, shortly after it was acquired, and was very disappointed to learn they didn't have live table games. Getting them approved will be a nice upgrade there. That'll make me more likely to take the scenic route home after a Purdue football game, and swing by the casino again. Thanks for sharing.
     
  5. wanker751

    wanker751 Dutch Rudder Enthusiast

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    I saw this a while ago... I am worried the great VP at majestic will go bye bye.
     
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