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<h2>Feasibility Study of Casino Development in Steuben County</h2>
<p>ANGOLA — A recent feasibility study indicates that establishing a casino in Steuben County could prove profitable for both the county and the state.</p>
<p>The study, commissioned by the Steuben County Economic Development Corp., was conducted by AM Steinberg Advisors, a New Jersey-based consulting firm specializing in casinos and hospitality. It is set to be publicly disclosed on March 27, although it has not yet been formally presented to the county’s Board of Commissioners or Council.</p>
<h3>Estimated Revenue and Job Creation</h3>
<p>According to the findings, the casino could generate between $14.1 million and $16.6 million in gaming tax revenue for the county. This analysis followed the Indiana Legislature's approval of a bill permitting casino development in Allen, DeKalb, or Steuben County, which was signed by Governor Mike Braun.</p>
<h3>Strategic Location</h3>
<p>Steuben County officials have taken a calculated approach, moving through various stages that began with a state study last fall. The next step involved hiring an industry expert to assess potential impacts of the casino. “It was part of the necessary data collection for evaluating a significant economic development project,” stated Wil Howard, president of the Board of Commissioners.</p>
<h3>Investment and Job Opportunities</h3>
<p>The study predicts a $500 million investment by the casino operator, which is legally mandated, projecting significant tax contributions and the creation of over 800 jobs post-construction. The site's prime location at the intersection of Interstate 69 and the Indiana Toll Road is highlighted as a major advantage.</p>
<h3>Potential Visitor Demographics</h3>
<p>AM Steinberg Advisors estimates that 62% of casino revenue would come from out-of-state visitors, with the remainder from locals. As the casino grows, it could yield $56 million to $60 million in annual state tax revenue.</p>
<h3>Next Steps for Casino Development</h3>
<p>A comprehensive process needs to be followed before any casino can be established in northeast Indiana. Counties interested must present the issue to voters in a referendum during the November elections, which must pass. Subsequently, the Indiana Gaming Commission will review bids from operators before finalizing the site, aiming for a license award in 2027.</p>
<h3>Legislative Background</h3>
<p>House Enrolled Act 1038 mandates a minimum investment of $500 million for casino development and includes a $150 million fee to be paid to the state. This legislative push was informed by a previous Spectrum Gaming study, which recommended potential new locations for an underperforming casino in Ohio County.</p>
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