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Caesars to Pay $1.7 Billion for Centaur Casinos in Indiana

This week Caesars Entertainment revealed that they've struck a deal to purchase Centaur Gaming's land casinos in Indiana for a huge $1.7 billion total.

The agreement will see Caesars purchasing the Hoosier Park Casino as well as the Indiana Grand Casino, allowing the international gaming company to expand their footprint within Indiana. The casinos themselves are lucrative, but also have racetracks available as well. Caesars currently has casinos operating on riverboats, but finds the chance to haul in more money too good to pass up.

Caesars exited bankruptcy protection earlier this year, ending a three year process that saw the group restructure their business to hopefully become profitable again. The deal is subject to approval by the state's gaming regulators.

Casino Listings will keep tabs on the purchase process and update readers as we learn more about the deal.

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bgsharpe
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21 November 2017 - 12:43pm
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Wow, that's a lot of funds spent there so obviously from Caesars seeing a huge potential in those casinos and probably rightly so.

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