This story was published more than 1 year ago.
Caesars Entertainment, Inc. dodged a bullet in the state of Indiana as the state's gaming regulator amended an order that will allow the betting giant to maintain ownership of the Horseshoe Hammond Casino.
The Indiana Gaming Commission originally ruled that Caesars would have to sell three casinos in the state out of the five it owned in order to prevent "undue economic concentration" that could have come after the company was merged with Eldorado Resorts. Caesars objected to that ruling and filed a petition to be able to keep three properties, and it appears that the measure was successful.
Commenting on the decision Caesars Entertainment CEO Tom Reeg said, "We are confident that our continued operating of Horseshoe Hammond is in the best interest of our Team Members, guests, the Hammond community, and the State of Indiana. We believe that maintaining our strong customer and employee relationships at Horseshoe Hammond makes the property best positioned for a strong and exciting future."
In addition to the Horseshoe Hammond, Caesars continues to own the Indiana Grand and Harrah's Hoosier Park casino properties.