Eldorado-Caesars to sell three IN casinos to complete merger
| By Daniel O'Boyle
The Indiana Gaming Commission has approved the proposed merger between Eldorado Resorts and Caesars Entertainment, but has ordered the combined entity to sell three casinos in the state.
The Indiana Gaming Commission has approved the proposed merger between Eldorado Resorts and Caesars Entertainment, but has ordered the combined entity to sell three casinos in the state.
With Eldorado operating the Tropicana casino in Evansville, Indiana and Caesars operating Harrah’s Hoosier Park Racing & Casino, Horseshoe Hammond Casino, Caesars Southern Indiana Casino and Indiana Grand Racing & Casino, the Commission had reservations about the deal.
“The impact of this unprecedented transaction is greater upon Indiana than any other state,” it said.
Part of the reason for this was that the Indiana Gaming Commission noted the combined entity would control up to 60% of gaming revenue in the state.