Indiana Senate advances casino relocation bill
Summary
The Indiana Senate Appropriations Committee has advanced House Bill 1038, significantly amended to convert an unused horse racing license into a full casino license for northeast Indiana. Proponents argue this avoids increasing the total number of gaming licenses in the state, while requiring a $150 million license fee and at least $500 million in capital investment. The bill also establishes a distressed casino fund to aid communities affected by casino closures. Concerns were raised by Sen. Liz Brown regarding the potential for continually relocating struggling casinos, comparing it to a “whack-a-mole” scenario. Sen. Aaron Freeman plans an amendment to potentially include Marion County in the consideration. The bill now moves to the full Senate for further debate and amendments, with a final passage deadline of February 27th.
(Source:Indianapolis Post)