Comments on Advance Indiana™: Daniels Trying To Fix Flawed Slot Legislation

Harrison would say don't let my fat fingers do so ...

2007-06-02T12:37:00.000-05:00

Harrison would say don't let my fat fingers do so much walking on a small Blackberry keyboard.

And he would also say, schill is a North Europe whitefish, for whom the common term shill is taken...and not to be so picky about the spelling. Concentrate on the message.

And he'd say quit being so overtaken on the anonymous thing. People have their reasons. Is anything written untrue? Nope. Lighten up.

And alas, Wilson, he would still say, This is America's Worst State Legislature. By a bunch.

God rest his soul.

2007-06-02T08:29:00.000-05:00

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well, it IS the Indiana legislator.Where an Ivy Te...

2007-06-02T06:31:00.000-05:00

well, it IS the Indiana legislator.

Where an Ivy Tech schill runs the House.

And, until recently another Ivy Tech schill ran the Senate.

And where ployester brains rule.

Go figure.

Harrison Ullman was right.

While the Star was reporting what was said during ...

2007-06-01T20:44:00.000-05:00

While the Star was reporting what was said during the hearings and what was spoon fed to them by the legislators pushing the bill, Advance Indiana was reporting on the connections, who stood to benefit and asked why the general assembly was leaving so much money on the table. Hey! Why did the general assembly leave so much money on the table?

you will remember the Star reported that Pinnacle ...

2007-06-01T20:21:00.000-05:00

you will remember the Star reported that Pinnacle Gaming (owner of Belterra, I think) offered to START the bidding at $300M for a slot license at the track. Therefore, we know that at least $100M was left on the table.

Advance Indiana pointed out the many flaws in this...

2007-06-01T19:30:00.000-05:00

Advance Indiana pointed out the many flaws in this bill well before it ever landed on Mitch's desk for his review.

I guess this is a PR stunt with little substance to cover his @#%.

Its clearly too late for Mitch to try to rewrite the bad bill he just signed.

So Mitch is just protecting the local political in...

2007-06-01T19:06:00.000-05:00

So Mitch is just protecting the local political insiders in their negotiations with Churchill Downs for a better deal?

This is not good news for Churchill Downs, Inc.The...

2007-06-01T18:54:00.000-05:00

This is not good news for Churchill Downs, Inc.

They were hoping to get back in via Centaur when the slots legislation went thru. Centaur still owes CDI several million off the recent sale.

The Guv obviously saw thru this one and he does control the Gaming Commission.

I'm so confused by all this...I thought this deal ...

2007-06-01T18:19:00.000-05:00

I'm so confused by all this...I thought this deal was sealed and done in the last session.

Who effed up?

What hundreds of millions of dollars are you talki...

2007-06-01T15:27:00.000-05:00

What hundreds of millions of dollars are you talking about? The $250 million license fee to be paid by each track is 5x any previous state-sanctioned fee. As for potential auction value, there have been only two previous auctions of gaming licenses. One, in Rosemont, Illinois, has yet to deliver a gaming facility or income to the state. But it has delivered plenty of criminal charges, for corruption and bribery. Speaking of corruption and bribery, the other auction took place in New Orleans, for the land-based casino that became Harrah's. The upfront costs were so great, after the auction, that the casino failed (how often does that happen?), filed bankruptcy, and sat empty for seven years. Eventually, terms were renegotiated, the corporation was reorganized and it reopened. All of the so-called more-profitable recent deals involved existing facilities, not simply licenses. The difference? They didn't have to build, too.