![]() In December 2020, Caesars agreed to sell the casino to EBCI for $250 million.Ĭaesars Entertainment had to reach an agreement to sell the casino, a condition set by the Indiana Gaming Commission, as a result of its $17.3 billion combination with Eldorado Resorts.Ĭaesars was required to reduce portfolio as the IGC believed that allowing a single operator to run five Indiana casinos, which together generated nearly 60% of the $590.8 million in gaming taxes paid to the state during the 2019 budget year signaled “undue economic concentration.” ![]() Now cleared, the deal is expected to close at some point in the upcoming month. The Indiana Gaming Commission approved Wednesday, August 18 the sale of Caesars Southern Indiana casino to ECBI Holdings, a company run by the Eastern Band of Cherokee Indians tribe. The Southern Indiana casino will mark the first ownership for the tribe's gaming unit outside of North Carolina, and the Caesars' branding for the venue will continue once it changes hands. ![]() ![]() Caesars Entertainment was set to sell the property following its combination with Eldorado Resorts. The transaction was cleared in a meeting last Wednesday and the deal is expected to close in September. ![]()
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