1340 AM, Monday, September 8th, 2008
$150-Million Due For Slot Machine Expansion
Last updated on Wednesday, October 31, 2007
Advertisement
(ANDERSON) - Hoosier Park’s owner has secured $1 billion in financing — one-fourth of which will go to pay for a state license for a new slot machine expansion.
Indianapolis-based Centaur Inc. closed the deal Tuesday, just two days before a Nov. 1 deadline for the first payment on the licensing fee.
The Indiana General Assembly approved a bill in April authorizing slot machines at Indiana's two pari-mutuel horse racing tracks, Hoosier Park in Anderson and Indiana Downs in Shelbyville.
The state law allowing slot machines requires tracks to pay an initial licensing fee of $250 million, with the first $150 million due Thursday.
When you see news happening, tell us!
Call 812.275.7555 | E-mail tips@wbiw.com | Or send an IM via your AOL, MSN or Yahoo Messenger to wbiwnews
Call 812.275.7555 | E-mail tips@wbiw.com | Or send an IM via your AOL, MSN or Yahoo Messenger to wbiwnews
Tune-in
State news with Network Indiana can be heard daily on 1340 AM WBIW.
State News Air-Schedule
| TIME | DURING |
| 6:43AM | The Morning Update |
| 7:43AM | The Morning Update |
| 10:30AM | The Dave Ramsey Show |
| 11:30AM | The Dave Ramsey Show |
| 12:30PM | The Rush Limbaugh Show |
| 1:30PM | The Rush Limbaugh Show |
| 3:30PM | The Dr. Laura Program |
| 4:30PM | The Dr. Laura Program |
