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Caesars Entertainment approved to acquire Centaur Holdings

28 Jun 2018

(PRESS RELEASE) -- Caesars Entertainment Corporation today announced that the Indiana Horse Racing Commission and the Indiana Gaming Commission have granted approval of the proposed acquisition of Centaur Holdings, LLC. With the receipt of these approvals, the Company has met the necessary regulatory requirements and expects to complete the transaction in mid-July.

"We are pleased that the Horse Racing Commission and the Gaming Commission have given us the approvals we need to allow for a smooth transfer of ownership of Indiana Grand and Hoosier Park," said Caesars Entertainment's President and CEO, Mark Frissora. "This acquisition represents an outstanding opportunity to expand our footprint in a growing region while also leveraging our Total Rewards loyalty network to benefit the customers of Indiana Grand and Hoosier Park. We will continue to offer the excellent customer service that guests of Indiana Grand and Hoosier Park have come to expect and we look forward to welcoming them to the Caesars family."

Indiana Grand and Hoosier Park welcome more than 6.5 million guests combined each year and serve more than 1.1 million members as part of its loyalty program.

Hoosier Park Racing & Casino and Indiana Grand Racing & Casino, which serve the Indianapolis and central Indiana areas, will add to the Caesars network in the great State of Indiana, which already includes Horseshoe Hammond and Horseshoe Southern Indiana. Horseshoe Hammond serves the Chicagoland area and Horseshoe Southern Indiana serves the southern Indiana and Louisville area.

Both Hoosier Park and Indiana Grand feature live and simulcast horse racing, over 2,000 of the latest slots and electronic table games, live entertainment and multiple dining outlets
 
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