Riverboat Casinos Move Inland Would Help Indiana, Says Study
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The state of Indiana is looking to keep their casino gambling industry thriving. That is why a legislative panel was put together to study different aspects of gambling in the state.
One of the solutions that the panel came up with in results that were released on Wednesday would be to allow riverboat casinos to move inland. This would keep gamblers from leaving the state to go to land-based casinos in neighboring states.
"As in any other industry, particularly those that cater to retail consumers, it's all about location, said Senator Luke Kenley, the Republican Co-Chairman of the study committee, as reported by The associated Press, "We think their ability to go to a better location would increase their volume and the amount of business they could do."
Of course, that move for riverboat casinos inland would come with a price. The study also indicated that a fee should be paid to the state for the move. This will ensure that the state sees more revenue right from the start.
The study also confirmed that taxes should remain the same for riverboat casinos. There was a sentiment among some lawmakers that said the tax rate should be increased. Casinos in new areas was not recommended.
Indiana lawmakers have had to revisit their gambling laws because of increased competition from neighboring states. Ohio, in particular, is going to make a big jump into the casino industry, with four casinos planned, one each in Columbus, Cleveland, Cincinnati, and Toledo.
December 10, 2009
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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