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Gaming commission approves Indiana casino ownership changes

Posted June 28, 2018 7:00 am

The Associated Press

INDIANAPOLIS (AP) - The Indiana Gaming Commission has approved deals that allow ownership changes at four casinos.

Caesars Entertainment's $1.7 billion purchase of Indianapolis-based Centaur Gaming and its Hoosier Park and Indiana Grand horse racing casinos were approved Thursday. Hoosier Park is in Anderson. Indiana Grand is in Shelbyville.

The commission also approved Penn National Gaming's purchase of Pinnacle Entertainment which owns Belterra Casino Resort in Switzerland County and Ameristar Casino in East Chicago. That deal is worth about $2.8 billion.

As part of the Pinnacle and Penn deal, Boyd Gaming is buying Belterra.

The commission also fined Caesars $1 million Thursday for improperly threatening to call off an unrelated project if a $50 million license transfer fee to the state attached to the Centaur deal wasn't waived.

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