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Bill aimed at boosting Indiana casinos advances
Updated: Wednesday, 23 Jan 2013, 7:54 PM EST
Published : Wednesday, 23 Jan 2013, 7:54 PM EST
INDIANAPOLIS (AP) - Casino officials maintain that tax changes that could cost Indiana an estimated $100 million or more per year are needed to stave off growing competition from surrounding states.
The state Senate Public Policy Committee voted 9-0 Wednesday to endorse the proposal that would also allow the 10 riverboat casinos to move onto adjacent land and permit live table games at Indiana's two horse track casinos.
The bill's fate is uncertain because some legislators see it as an unwise expansion of gambling. Also, Senate Appropriations Chairman Luke Kenley says he doesn't see a reason for a large tax cut for the casinos.
Ryan Soultz of Michigan City's Blue Chip casino says ending taxes on credits given to gamblers would allow more aggressive promotions.
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