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Caesars Entertainment Agrees Purchase of Indiana Casinos

Casino giant Caesars Entertainment plans to purchase Centaur Gaming’s Hoosier Park Casino in Anderson and Indiana Grand Casino in Shelbyville for a total of $1.7 billion.

But Editor of Indiana Gaming Insight Ed Feigenbaum says Hoosiers likely won’t notice much of a difference.

“Every other casino in the state of Indiana that has changed hands over the past fifteen years or so has had no noticeable effect upon or for the consumers," he says. "The only things we’ve seen have been positives.”

In a press release, Caesars highlighted Indiana’s economic growth and how the state is relatively underserved when it comes to gambling as reasons for the acquisition.

Feigenbaum says it’s significant that Caesars chose Indiana among a sea of other options, including international locales like Macau and Japan.

“It also speaks very highly of the environment here in Indiana, but Caesars could look anywhere and they decided to invest here,” Feigenbaum says.

Caesars will add Hoosier Park and Indiana Grand to its current Indiana assets, which include Horseshoe Hammond Casino in northwest Indiana and Horseshoe Southern Indiana Hotel and Casino in Harrison County.

Feigenbaum says that, while unlikely, some Hoosier policymakers could take issue with Caesars controlling just over half of gaming revenues in the state.

“There may be a question raised from the part of some people who are involved in policy making in the state as to whether we might be making a conglomerate here essentially too big to fail,” Feigenbaum says.

Caesars will likely not run afoul of Indiana regulations permitting a single company to control no more than two casinos, as the rules differ for so-called casinos with horse racing.

The sale is expected to be complete in the first half of 2018.

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