Caesars Entertainment will maintain control of its remaining assets in Indiana.
The Indiana Gaming Commission has modified its directive requiring Caesars Entertainment to divest its third gambling establishment in the state. This means Caesars will retain ownership and operation of its remaining assets within the state.
Caesars Entertainment will continue to manage its remaining properties in Indiana.
The company will continue to run Horseshoe Hammond, as well as Indiana Grand, Harrah’s Hoosier Park, and the state’s three off-track wagering locations.
In July 2020, Indiana’s gaming regulators instructed Caesars Entertainment and Eldorado Resorts to sell three of their casinos in the state following the approval of the companies’ significant merger.
The commission reportedly had concerns about the deal due to the number of properties the two companies possessed and operated in the state.
The commission stated, “This extraordinary transaction has a greater impact on Indiana than any other state,” noting that the merged entity would control a substantial portion of the state’s gaming revenue.
Although this is the case, the Indiana Gaming Commission has now modified its original ruling, permitting Caesars to maintain ownership of its other current establishments within the state. This follows Caesars’ agreement to sell its Caesars Southern Indiana casino operations to the Eastern Band of Cherokee Indians and its Tropicana Evansville to Bally’s Corporation.
“We believe that continuing to run the Horseshoe Hammond is in the best interests of our staff, visitors, the Hammond community, and the state of Indiana,” stated Tom Reeg, CEO of Caesars Entertainment.
“We believe that preserving our strong customer and employee connections at Horseshoe Hammond positions the property for a prosperous and thrilling future.”
Caesars recently finalized the sale of the Tropicana Evansville and anticipates concluding the sale of Caesars Southern Indiana in the third quarter of 2021.
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