Hoosier Park Adding Slot Machines

With the passage of House Bill 1835, Hoosier Park jumped at the chance to add slot machines to their lineup. However, in order to do so they needed to add more land. Even before the bill had passed, the track was trying to figure out how they could add slot machines, and they realized that they needed to expand the whole complex, not just add them to what they already had.

On Friday, the Indiana Horse Racing Commission gave them permission to do just that. Their parent company, Centaur Inc. had asked to buy 19 acres by the track to expand their slot machines. The commission approved the request, and now they just have to decide which construction plan to go with.

Since the government had given them permission to bring in up to 2,000 slot machines to the track, they also told them that they had to spend at least $100 million in doing so, as they needed to ensure the success of the addition of the slot machines. Centaur is spending $1 million for the land, and is buying it from Virgil Cook – who has been a partner in Hoosier Park since the beginning.

The closing is expected no later than July 31st, and at that time Centaur will pay Cook $50,000 in “earnest money” and will begin the investigation period. Depending on what they find, they have 45 days to cancel the sale if they so desire.

They are planning on adding a place for the slot machines, as well as more stables. They are not sure which plan they are going with just yet, but they promise that the public will be pleasantly surprised.

Back to Monthly Archive // Main Slot Machine News Index