INSIDE INDIANA BUSINESS: Ohio casino already putting dent in Indiana Gaming

2013-04-10T13:24:00Z INSIDE INDIANA BUSINESS: Ohio casino already putting dent in Indiana Gaming nwitimes.com

A prominent Indiana gaming industry observer says it's unclear if a new casino in Ohio can sustain its early momentum. Indiana Gaming Insight editor Ed Feigenbaum says the Horseshoe Casino in Cincinnati has "considerably" affected gaming revenue in Indiana after less than one month in business. He points to the Indiana Gaming Commission's monthly report showing revenue declines at Hollywood Casino Lawrenceburg and Rising Star Casino Resort in Rising Sun. He tells Inside INdiana Business, despite the falling numbers, it's not too late for southeast Indiana casinos to rebound.

 

Tech Exec: Education Can Bridge 'Very Real' Skills Gap

Former Lockheed Martin Corp. (NYSE: LMT) Chief Executive Officer Norm Augustine says states have "a responsibility" to invest in education if they want to combat the skills gap. He will speak this afternoon at Purdue University. Augustine says states like Indiana must also encourage and incentivize young people to pursue careers in teaching in science, technology, engineering and math. Read More Augustine says boosting education is a "long-term affair."

 

Indy to Map Downtown's Future

A strategic planning effort for the future of downtown Indianapolis will begin this month. Indianapolis Downtown Inc. President Sherry Seiwert says "Velocity" will focus on six components for a healthy downtown, including economic development, livability and transportation solutions. Inside INdiana Business Television examined the planning process during a recent INsiders segment.

 

Planned Expansion Clears Hurdle

The Lebanon Common Council has approved tax abatement for Purity Wholesale Grocers Inc.'s planned $14 million expansion. The company says it will build a distribution center in the Lebanon Business Park and hire 10 new employees.

 

Legendary Basketball Coach Set to Retire

The basketball coach with more collegiate wins than anyone else in state history plans to retire at the end of the school year. Paul Patterson has coached Taylor University men's basketball for 34 years and amassed 734 wins.

 

$30 Million Project to Break Ground

Construction is set to begin today on a $30 million, 120 apartment mixed-use development in Indianapolis. Plans for the more than six-acre Ironworks at Keystone include underground parking and retail space. It is set to be complete next spring.

 

Hamilton County Alliance Selects Leader

Tim Monger has been tapped as the president of the Hamilton County Alliance. He most recently worked as a senior vice president of a division of Cassidy Turley.

 

Kokomo Schools Win Grant For After-School Program

Kokomo-Center Schools has landed a $750,000 grant through the U.S. Department of Education's 21st Century Community Learning Centers program. The funding will help establish the KOKOMOMENTUM Community Learning Center Consortium, which will provide after-school programming.

 

Vermillion County Seeking Input on Development

A west central Indiana county is looking to increase collaboration on economic development efforts. The Vermillion County Economic Development Council is planning to hold four public meetings to discuss county-wide challenges and opportunities.

 

First Farmers to Acquire Bank of Indiana

Converse-based First Farmers Financial Corp. has agreed to acquire Bank of Indiana N.A. from Indiana Bank Corp. in Dana. The deal gives First Farmers four banking locations to go with its 24 operations in Indiana and Illinois. It is expected to close later this year.

 

BSU, Courseload Reach eText Deal

Ball State University is expanding a partnership with Indianapolis-based Courseload Inc. to provide digital textbooks to students. The school completed a pilot program with the company last year.

 

For more Inside Indiana Business, visit www.insideindianabusiness.com.

Copyright 2014 nwitimes.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

activate-button-3
Follow The Times

Latest Local Offers

Featured Businesses

In This Issue

Professionals on the Move Banner
Get weekly ads via e-mail

Poll

Loading…

How would you characterize race relations in the region?

View Results