Caesars Entertainment Corp., which operates the Horseshoe Casino in Hammond, said June 28 that the Indiana Horse Racing Commission and the Indiana Gaming Commission have granted approval for the company to buy Centaur Holdings LLC.
Centaur operates Indiana Grand and Hoosier Park, which averages 6.5 million patrons annually mostly from the Indianapolis and central Indiana areas and serves more than 1.1 million members as part of its loyalty program, the company said. Caesars expects the deal to close by 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 Mark Frissora, Caesars Entertainment’s president and CEO. “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 also operates the Horseshoe Southern Indiana, which serves the southern Indiana and Louisville areas.
Both Hoosier Park and Indiana Grand feature live and simulcast horse racing and have more than 2,000 slot machines and electronic table games as well as live entertainment and multiple dining outlets.