Published
Land-BasedLegal & Regulatory

Indiana Gaming Commission allows Caesars to keep assets

On Thursday, the Indiana Gaming Commission amended one of its orders by permitting Caesars Entertainment to keep six properties in the state.  

caesars

The locations include three off-track betting sites, as well as the Horseshoe Hammond, Indiana Grand and Harrah’s Hoosier Park.  

Originally, the Commission had ruled that Caesars Entertainment should sell a third of its casino assets in Indiana.  

According to The Times of Northwest Indiana, Ceasars Entertainment CEO Tom Reeg and Hammond Mayor Thomas McDermott Jr sent letters to the Commission, asking them to reconsider the sale of Horsehoe.  

The pair felt keeping the property at the location would be in the state's best interest, since in May the Hard Rock Casino opened up in Northern Indiana.  

The Mayor described the Horseshoe venue as a “superior product” that has a “nationally known and recognisable name.” 

The property brings in visitors from both Northwest Indiana and across the state line.  

McDermott said: "With a Chicago licence and a south suburban licence location in the process of being finalised in Illinois over the next several months or years at most, now it is even more important to shore up the competitive advantage we have at our gaming location in Hammond; which as you know, sits a mere stone's throw from the Chicago border." 

Reeg added: “We are confident our continued operating of Horseshoe Hammond is in the best interest of our team members, guests, the Hammond community and the State of Indiana. 

"We believe maintaining our strong customer and employee relationships at Horseshoe Hammond makes the property best positioned for a strong and exciting future." 

While the group will keep assets in Indiana, it also announced it has closed the sale of Tropicana Evansville  and expects to close the sale of Caesars Southern Indiana in Q3 2021.  

Premium+ Connections
Premium

GammaStack

 
 
Premium

Sport Generate

 
Premium

Galaxsys

 
Premium

Digitain

 
Premium

1xBet Partners

 
Premium

Revsharks

 
Premium

Imagine Live

 
Premium

RISK

 
Premium

PIN-UP Partners

 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...