News

Disputed $50M fee expected to be paid in Indiana casino deal

Posted June 26, 2018 7:00 am

The Associated Press

INDIANAPOLIS (AP) - The current owner of two horse track casinos near Indianapolis says it expects a disputed $50 million state fee will be paid as part of their sale to casino giant Caesars Entertainment.

Las Vegas-based Caesars and Centaur Gaming of Indianapolis fought paying the casino license transfer fee after the companies announced in November the $1.7 billion deal for Caesars to buy Hoosier Park in Anderson and Indiana Grand near Shelbyville.

Caesars had threatened to not build a new $90 million on-land facility for its Horseshoe Southern Indiana casino near Louisville, Kentucky, but began construction earlier this month.

Centaur general counsel John Keeler tells The Indianapolis Star that he anticipates the state will get the fee money.

The Indiana Gaming Commission is set to discuss the fee during its Thursday meeting.

___

Information from: The Indianapolis Star, http://www.indystar.com

Article Comments

Article Categories
Content Providers Indiana News Region

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.