Late last month, the Indiana Gaming Commission gave the casino operator an additional year to find a buyer for the third property it intends to sell, Horseshoe Hammond. The gaming regulator ordered Caesars to sell three of its casinos across Indiana by the end of the year to prevent an “undue economic concentration” of the state’s gaming industry following its tie-up with Eldorado.
Thinning its portfolio of properties in Indiana was one of the conditions under which the state Gaming Commission gave in July its approval for Caesars’ $17.3 billion marriage with fellow casino operator Eldorado Resorts. That deal is expected to close by mid-2021. The casino giant announced in October that it had entered into an agreement to offload Tropicana Evansville to Bally’s Corporation. The Southern Indiana property is being sold to the tribal operation a year after Caesars completed its $90 million renovation and expansion.Ĭaesars Southern Indiana is Caesars’ second property in the Hoosier State the company has agreed to sell this year. has agreed to sell its Caesars Southern Indiana casino to the Eastern Band of Cherokee Indians (EBCI) for $250 million, news emerged Thursday.
