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The new rule from the Indiana Gaming Commission makes it much easier for "junketeers" -- firms that organize casino junkets, and are paid based on how much their customers gamble -- or are expected to wager.
Junketeer firms no longer must be licensed casino suppliers. What's more, they will no longer have to pay a $5,000 fee to operate. Rather, companies will simply register with the state and pay a fee of $250 for the business, plus $75 for each individual junketeer.
"Our casinos are becoming more destination resort-style facilities," said Jennifer Arnold, the gaming commission's deputy director. "We would certainly like to see more people from out of state come visit. The goal is to see if we can help the casinos generate more revenue from high-level players."
According to Gerald Ades, the owner of Bluegrass Travel in Louisville, he's organized gambling trips to Mississippi, New Jersey and Louisiana for almost 30 years. But he's never done business with an Indiana casino because of the, until last week, outrageous licensing fee.
"It's ridiculous," he said. "The $250 registration fee is more in line with other states."
The change is now in effect through an emergency rule, and the commission said the rule will be permanent after a July 29 public hearing. No opposition is expected, Arnold said.
According to Rick Mazer, a Harrah's regional vice president, Indiana has been losing gambling business because of its repressive rule. Mazer estimates the change could bring as much as $20 million in additional annual gambling to Indiana's 13 casinos, including the new facility at the state's two horse racing tracks, or "racinos."
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