Indiana Regulator Fines Caesars $1 Zillion, Approves Centaur Casinos Buy

Indiana Regulator Fines Caesars $1 Zillion, Approves Centaur Casinos Buy

The particular Indiana Video games Commission unanimously approved Thursday the offered acquisition of only two state racinos by Caesars Entertainment Corp., but fined the Sin city gaming giant $1 mil over it’s threats for you to nix an individual project with Indiana due to a dispute together with local regulators.

Caesars launched last autumn that it would definitely purchase the Hoosier Park racino in Anderson and the Indianapolis Grand racino near Shelbyville from Centaur Gaming regarding the total amount with $1. 7 billion . Gaming government bodies voted 5-0 in favor of package during their Thurs meeting. And once complete, the actual transaction will help make Caesars the greatest commercial gambling operator in the state using four properties. The company by now owns often the Horseshoe Hammond and Horseshoe Southern Indiana riverboat gambling dens in the express.

During the Sunday meeting, the very Gaming Fee also launched that Caesars would be important to pay a $1-million very good for likely to eliminate the $90-million relocation regarding Horseshoe Northern Indiana onto nearby regolith.

Local media outlets claimed earlier the 2010 season, citing e-mails between Caesars and the Indiana Gaming Commission, that the owner disputed a $50-million cost required to be paid by way of Centaur to the change with ownership within the above-mentioned a couple gaming homes. Under condition gaming law regulations, the pass fee the same to any these types of transaction, until it involves choices that are with Chapter 10 bankruptcy security. Continue reading « Indiana Regulator Fines Caesars $1 Zillion, Approves Centaur Casinos Buy »