Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2 billion, and is suing a long list of insurance carriers it accuses of balking at paying its business interruption costs at its casinos in Indiana and across the nation.
The Indiana Gaming Commission has fined Spectacle Entertainment more than a half-million dollars for not initially complying with an order to remove its former CEO and chairman from any ownership or oversight of the company.
Longtime Indiana casino executive Rod Ratcliff has been permanently banned from the state’s gambling industry. Ratcliff, who previously served as chairman and CEO of Centaur Gaming and as CEO and chairman of Spectacle Entertainment, has been entangled in a battle with the Indiana Gaming Commission for months, as the state agency has been investigating Ratcliff and his companies.
The legal fight over ownership of a new $300 million casino in northwestern Indiana could leave it sitting unused for possibly months after construction work is completed.
Longtime casino executive Rod Ratcliff is suing the Indiana Gaming Commission for suspending his gaming license last month. The suit alleges the situation has jeopardized a the opening of a new casino in Gary.
A former Whiting mayor who pleaded guilty to charges that he spent about a quarter-million dollars in campaign funds to gamble and pay personal bills avoided prison on Wednesday when a federal judge ordered he be placed on two years’ probation and home detention for one year.
Indiana casino regulators voted Wednesday to force a longtime heavyweight in the state’s gambling industry to give up his ownership stake in a Lake Michigan casino, saying he had continued exerting control over its parent company in violation of state orders.
Federal prosecutors are recommending a 15-month prison sentence for the former mayor of Whiting, who pleaded guilty to fraud and a tax crime.
An investigation stemming from allegations of illegal political contributions by a longtime Indiana casino executive could snarl the future of multimillion-dollar projects for new casinos in Gary and Terre Haute.
A former northwestern Indiana mayor faces a January sentencing after pleading guilty to charges that he illegally used public campaign donations to cover gambling losses.
The mayor of Whiting has pleaded guilty to wire- and tax-fraud charges related to allegations he and his wife used more than $250,000 in campaign funds for gambling, paying credit card debt and other personal expenses, then filed false or misleading campaign reports or tax returns.
The cards have been dealt, and Terre Haute is getting a casino. The Indiana Gaming Commission on Friday awarded a casino license to Spectacle Jack LLC, which plans to build a $120 million casino near Interstate 70 and State Road 46 in Terre Haute.
Indiana Gov. Eric Holcomb on Monday said he supports the Indiana Gaming Commission’s investigation into casino executives who have been implicated in a federal campaign finance scheme.
Indiana is giving gamblers a chance to put down wagers on who’ll be winners in next month’s Academy Awards. Betting on the Oscar winners for best picture and other film categories comes under the state’s sports wagering law that took effect in September.
The Indiana Gaming Commission confirmed Friday that it is postponing approval of a new Indiana casino while it investigates allegations that top executives at former Indianapolis racino business Centaur Gaming were involved in directing illegal campaign contributions to an Indiana congressional candidate in 2015.
A Republican strategist who worked for an Annapolis, Maryland-based consulting firm has admitted to taking part in a scheme to funnel corporate contributions to political candidates — including former Indiana Sen. Brent Waltz when he ran for U.S. Congress in 2016 — in a case that is part of a federal crackdown on fraudulent political action committees.
A mother who made threatening statements toward law enforcement on Facebook after the death of her son will not have her case heard by the Indiana Supreme Court, although two justices voted to grant transfer in the case. Justices also rejected two other appeals on a 3-2 vote.
A man suspected of trying to sell look-alike substances at an Indiana casino has had his drug-related conviction reversed, with the Indiana Court of Appeals finding insufficient evidence to dispel a claim of a Fourth Amendment violation.
Sports betting is ready to go legally online in Indiana on Thursday, a little more than a month after the state’s casinos started taking game wagers.
Sports betting is underway in Indiana, with Gov. Eric Holcomb placing a bet at the Indiana Grand Racing & Casino in Shelbyville.