Caesars completes acquisition of racetrack-casino facilities
The company’s $1.7 billion purchase of Indianapolis-based Centaur Gaming and its Hoosier Park and Indiana Grand horse racing casinos was earlier approved by the Indiana Gaming Commission.
The company’s $1.7 billion purchase of Indianapolis-based Centaur Gaming and its Hoosier Park and Indiana Grand horse racing casinos was earlier approved by the Indiana Gaming Commission.
The Las Vegas-based casino company will soon own Indiana Grand in Shelbyville and Hoosier Park in Anderson, the state’s only two casinos with horse-racing tracks.
The deals approved Thursday change ownership at Hoosier Park in Anderson, Indiana Grand in Shelbyville, Belterra Casino Resort in Switzerland County and Ameristar Casino in East Chicago.
The owner of two horse track casinos near Indianapolis is preparing to pay a $50 million state fee as part of its sale to casino giant Caesars Entertainment Corp.
The U.S. Supreme Court ruled Monday that states can legalize sports betting. Indiana lawmakers will likely study the issue before their 2019 session.
Caesars sought approval for the plan despite threats to cancel the project if the state did not waive a $50 million fee tied to its acquisition of racinos in Anderson and Shelbyville.
Gov. Eric J. Holcomb on Friday named Indianapolis attorney Michael McMains to the position.
If the Indiana Gaming Commission doesn’t agree with Caesars, a proposed $90 million project in Indiana by the Las Vegas-based company could be dropped.
Centaur, which owns and operates Hoosier Park Racing & Casino in Anderson and Indiana Grand Racing & Casino in Shelbyville, said its 2,000 or so employees would receive the checks next week.
The Pokagon Band of Potawatomi Indians is set to open the Four Winds Casino South Bend to the public on Tuesday, joining three other casinos the tribe already operates nearby in southwestern Michigan.
If the deals are approved, Penn National will take over Ameristar Casino in East Chicago, and Boyd Gaming will take over Belterra Casino in Switzerland County.
If Caesars Entertainment is successful in buying Hoosier Park and Indiana Grand, it would have an interest in four of the state’s five largest casinos. The acquisition reportedly is in the works.
A former assistant manager has been sentenced after pleading guilty to stealing hundreds of thousands of dollars from depositors. She said she stole the money after she became addicted to playing slot machines.
Indiana lawmakers are working to keep afloat the state’s crippled casino industry in an effort to shore up declining tax revenue and spur investment.
Senate Bill 354 would let Rising Star Casino Resort in Southern Indiana’s Ohio County move 740 gaming positions to Terre Haute.
State Sen. Jon Ford, R-Terre Haute, has authored legislation that would move unused gambling slots from Rising Star Resort and Casino in Rising Sun to Terre Haute.
Legislation to put a casino in one, specific location would be tough to pass. Lawmakers from Gary have tried for years to move one of its riverboat casinos inland and a previous proposal to move part of Rising Sun’s gambling operations to Indianapolis found a skeptical response.
A tribal casino set to open in South Bend in 2018 could reduce Indiana's tax revenue by more than $350 million in its first five years, according to a report released Tuesday by a group that represents most of Indiana's commercial casinos.
The casino is expected to draw business from Indiana's existing casinos, which have already been seeing business shrink because of competition from surrounding states.
The Tropicana Evansville casino says it will break ground next week on a $50 million facility that will be the first of Indiana's riverboat casinos to move to an onshore site.