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Indiana slots face hurdle12 June 2007INDIANA -- As reported by the Indianapolis Star: "The first slot machines won't be up and running at Central Indiana horse racing tracks until sometime around the new year. "The General Assembly approved legislation earlier this year that will allow the state's two horse racing tracks to install 2,000 slot machines each. Indiana Downs in Shelbyville is targeting late this year or early next year to launch slots operations. Hoosier Park in Anderson isn't planning to open its slots parlor until 2008. "...Under the legislation, the tracks must pay the state $250 million each for the right to install slot machines, the highest 'racino' licensing fee in the country. The first installment of $150 million is due by Nov. 1, regardless of when the racinos open. The balance is due by the following November. "Representatives from both tracks said they intend to make that first payment..." |