INDIANAPOLIS — Casinos hoping for more legislative help for the industry struggling with dropping revenue may have to wait until 2015 to see any new bills.
Rep .Tom Dermody, R-La Porte, the new chair of the House Public Policy Committee, said Thursday he doesn’t foresee any large bills passing this year for the gaming industry. He assumed the role of chairman just three weeks ago and said he is still working to understand all the issues.
Mike Smith, the president and CEO of Casino Associations of Indiana, echoed those thoughts. He said because this upcoming legislation would be short, the few industry bills that might be introduced may not get a hearing.
"I would think with all the things that are going to go on in the Legislature this year we'll probably be looking at 2015," Smith said. "I think that's probably a more realistic time period."
He said it is unfortunate this session is a short one with the issues facing the gaming industry, but he said he would expect to see a very determined effort from a lot of casinos in 2015 to try and improve their marketplace.
Smith and Dermody were joined by Ernie Yelton of the Indiana Gaming Commission and Ed Feigenbaum, editor of Indiana Gaming Insight in Indianapolis to discuss the future of gaming in Indiana.
Profits from casinos in Indiana, a huge source of income for the state government, have steadily dropped since 2009. Part of the reason has been due to the economy and new competition for Indiana casinos. Ohio has recently opened or plans on opening casinos in Columbus, Cincinnati and Cleveland that will threaten to attract Indiana customers.
For the past several years, legislators have discussed how best to help Indiana casinos get back their revenues.
One of those ideas discussed has been live gaming on land-based casinos and racinos such as Hoosier Park in Anderson. Jim Brown, Hoosier Park's president and COO, could not be reached for comment.