Indiana Commission On Acquisition Deal

Published: November 21, 2017 02:51 pm EST

The Indiana Horse Racing Commission has issued a brief press release in regard to the news of a potential transfer of ownership of Hoosier Park and Indiana Grand.

Caesars Entertainment Corporation announced late last week that it has entered into a definitive agreement to acquire Centaur Holdings, LLC—including 2017 Breeders Crown host Hoosier Park and its sister track Indiana Grand—for $1.7 billion.

"The addition of Centaur is the first example of our post-emergence, inorganic growth strategy," Mark Frissora, president and Chief Executive Officer of Caesars Entertainment, said about the potential acquisition.

If the deal ultimately goes through, Caesars – which currently has a presence in Chicagoland via its Horseshoe Hammond casino and the Louisville area via Horseshoe Southern Indiana – will also control the Indianapolis market by way of their acquisition of the Hoosier and Indiana Grand racinos.

On Tuesday (November 21), the IHRC stated that, “any proposed transfer of ownership must be approved by both the Indiana Horse Racing Commission and the Indiana Gaming Commission before a transfer can take place.”

The IHRC statement went on to say, “We have received notice that Caesars and Centaur have reached an agreement. However, at this time there has been no documentation received by the IHRC for consideration.”

(With files from the IHRC)

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