Horseshoe Casino Sale Likely to be Deferred at least One More Year
BC.Game

 

The Indiana Gaming Commission is expected to revise its order requiring Caesars Entertainment Inc. to sell the Horseshoe Casino in Hammond by the end of the year.

Sara Tait, Executive Director of the Indiana Gaming Commission, said that the commission likely will defer Caesars’ mandatory divestment of the state’s most popular casino for at least one additional year.

In July, the Gaming Commission ordered Caesars to sell three of its five Indiana casinos to prevent an “undue economic concentration” of the state’s gaming industry following the $17.3 billion acquisition of the former Caesars Entertainment Corp by Eldorado Resorts Inc.

The merged company already sold the Tropicana Casino in Evansville for $480 million in October, and the company currently is in exclusive negotiations to sell the Caesars Southern Indiana casino in Elizabeth by December 31.

Sara Tait said selling the Hammond casino “presents unique challenges,” including uncertainty over gaming expansion in Chicago and south suburban Cook County, Illinois, along with the impact of the COVID-19 pandemic on the gaming industry in general. She said Gaming Commission staff believe “granting relief regarding divestiture timing is in the best interest of the state and local community, and will not negatively impact operations at the property.”

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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