June 28, 2018 - 5:32 pm
Caesars Entertainment Corp is a step closer to completing a $1.7 billion takeover of two casinos in Indiana.
The Las Vegas-based company received regulatory approval on Thursday from the Indiana Horse Racing Commission and the Indiana Gaming Commission to take over Centura Holdings, Caesars said in a statement.
Centaur owns Indiana Grand and Hoosier Park, which host more than 6.5 million visitors a year and have more than 1.1 million loyalty club members, according to Caesars. The casinos serve the Indianapolis and central Indiana areas.
Caesars expects to finalize the takeover next month, increasing its global presence to 49 locations. The company already owns two casinos in Indiana, one serving the Chicago area and the other serving southern Indiana.
“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, Caesars CEO Mark Frissora said.
Hoosier Park and Indiana Grand offer live and simulcast horse racing, and combined feature more than 2,000 slots and electronic table games.