Caesars to acquire Indiana properties
Caesars Entertainment Corp., with Harrah’s and Harveys hotel-casinos in Northern Nevada, has entered into a definitive agreement to acquire Centaur Holdings, LLC for $1.7 billion in cash, including $1.625 billion at closing and $75 million in deferred consideration.
As a result of the transaction, Las Vegas-based Caesars will add Hoosier Park Racing and Casino in Anderson, Ind., and the Indiana Grand Racing and Casino in Shelbyville, Ind., to its Total Rewards network.
Nevada was honored in the 3- to 5-million population category, alongside Kentucky and Utah, while Alabama was awarded the Gold Shovel in the same Category. Other Gold Shovel Awards went to Texas, Georgia, Virginia, Arizona and Mississippi.