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Casinos Looks To Stay Competitive As Revenues Plummet

New numbers show Indiana's casino tax revenues are falling faster than expected. Many in the gaming industry blame declining revenue on the recession and growing competition in neighboring states that hold the royal flush -- land based casinos.
New numbers show Indiana's casino tax revenues are falling faster than expected. Many in the gaming industry blame declining revenue on the recession and growing competition in neighboring states that hold the royal flush -- land based casinos.

Indiana has long forbid casinos from being landbased, but some lawmakers are hoping to change that this legislative session. State Representative Gail Riecken, D-District 77, is supporting a bill that would allow land based casinos to be phased-in across the state, starting in Evansville.

While Tropicana Evansville welcomes the spirit of such a change, General Manager Ward Shaw says the bill may be too restrictive to keep Indiana's 10 riverboats afloat.

"The flaw in that law to me is that it really would only allow a little less than half the casino floor to move onto land and really that wouldn't be impactful to us unless we could move the entire operation onto a landbased operation," said Shaw.

Many remain doubtful the gaming industry will see significant change this year, noting Gov. Mike Pence's opposition of gaming expansion. Several key lawmakers have suggested such changes will likely be brushed under the rug until at least 2015.
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