Business

Caesars completes acquisition of racetrack-casino facilities

Posted July 17, 2018 7:00 am

The Associated Press

INDIANAPOLIS (AP) - Caesars Entertainment says it's completed the acquisition of two central Indiana racetrack and casino facilities.

The company's $1.7 billion purchase of Indianapolis-based Centaur Gaming and its Hoosier Park and Indiana Grand horse racing casinos was earlier approved by the Indiana Gaming Commission. Hoosier Park is in Anderson. Indiana Grand is in Shelbyville.

Caesars is investing $50 million in property improvements and upgrades.

The Herald Bulletin reports nearly 100 patrons waited outside Hoosier Park expecting it would open its doors at noon Monday after closing at 2 a.m. for the acquisition. The newspaper says at least one person was overcome by heat while waiting until it opened about 2 p.m.

Hoosier Park's vice president of advertising and communications Kiersten Flint says the delay was due to final acquisition approvals.

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