NEW ALBANY, IN-Indiana lawmakers are trying to come to grips with increased competition from out-of-state casinos that are beginning to put a dent in its much needed gaming revenue stream, according to an Associated Press report.
State Rep. Ed Clere (R-New Albany) says the state needs to reexamine the number of casino licenses it approves, locations where gaming would be permitted and the state's overall tax structure. He adds that 10 of Indiana's 13 casinos are operating near borders with other states and that neighboring states, such as Illinois, Michigan and Ohio, are waging “an all-out assault” to take back casino revenue.
In March, another gaming venue will enter the fray as the Horseshoe Casino in Cincinnati is scheduled to open then. Last year, 6% fewer gaming patrons visited Indiana casinos and overall tax revenue fell 5%. See story in the Chicago Sun Times.
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