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Gaming Bill Wins Big With House Public Policy Committee

By Brandon Smith

Posted February 12, 2015

Legislation aimed at helping Indiana's gaming industry stem a sharp decline in revenues passed its first test in the General Assembly when a House committee approved the bill by a 10-2 vote Thursday.

Rep. Tom Dermody, R-LaPorte, authored a bill that allows Indiana's riverboats to move inland onto their existing footprint.

And the state's two racetrack casinos can add table games with live dealers. The live table games are capped at half of the number of existing electronic table games.

And for every live table game the racinos add, they must eliminate one of the electronic ones. Centaur Gaming runs both Indiana racinos. Company president Jim Brown says live table games are a more competitive product than their electronic counterparts.

"Live table games would also result in numerous economic benefits to the state of Indiana and our host communities including jobs, tax revenues and result in additional capital investment," Brown says.

The vast majority of the state's casinos praise the proposed changes.

But Rising Star Casino in southeastern Indiana, which is run by Full House Resorts, says it doesn't have the money to move on land.

Full House Resorts CEO Dan Lee recently took over the company and says he's trying to figure out ways to boost his facility through other means. Allowing racinos to add live dealers could cripple those plans.

"How do we bring in celebrity restaurateurs and fix up things and everything, and then out of left field I heard, ‘Oh, you might get stabbed in the back - they're going to let tables into the racinos.'," Lee says. "And I thought, ‘Well Jesus, do we throw good money after bad?'"

The bill also includes several tax breaks and incentives, which Lee says he does support.

The committee's approval sends the bill to the House Ways and Means committee, where the fiscal aspects of the legislation will receive closer scrutiny.

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