Caesars Received Extra Time To Sell A Casino In Indiana
It is expected that on november 23, 2020, the indiana gambling commission will revise its resolution requiring caesars entertinment inc. Selshoe casino in hammond until the end of the year.
Sarah tate, executive director of the commission, said that the commission is likely to postpone the obligatory sale of caesars casino at least one additional year.
In july, the commission on gambling commissioned caesars to sell three of their five casinos in indiana to prevent the "excessive economic concentration" of the game industry after the acquisition by eldorado resorts inc. Former property caesars entertinment corp.
Caesars have already sold tropicana casino in evansville for $ 480 million in october, and currently the company for the sale of caesars southern indiana casino in elizabeth until decept.
However, teit said that the sale of casino hammond "creates unique problems", including insecurity with respect to the expansion of the game industry in county in county and the southern suburb of cook county, illinois, as well as the impact of the covid-19 pandemic on the gaming industry as a whole.
According to her, the staff of the game commission of sending on the terms of sale is responsible for the internet and will not affect the work of the object.
Stay under the auspices of casino remains part of the company with more thanld, including eight in las vegas, two in illinois and game plants in 13 states, as well as caesars rewards, the largest casino loyalty program with more thank 60 million participants.
Caesars also owns two casinos with hippodrome in the suburb of indianapolis, harrah’s hoosier park and indiana grand, which the company preferred to maintain three oter caesars objects in indiana, when faced with the order of the commission on selling.
Source: northwest indiana edition