{"id":4568,"date":"2020-07-23T08:55:35","date_gmt":"2020-07-23T08:55:35","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=4568"},"modified":"2020-07-23T08:55:43","modified_gmt":"2020-07-23T08:55:43","slug":"three-indiana-casinos-will-be-sold-after-eldorado-caesars-merger-gets-finalized","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/three-indiana-casinos-will-be-sold-after-eldorado-caesars-merger-gets-finalized\/","title":{"rendered":"3 Indiana Casinos Will Be Sold After Eldorado-Caesars Merger Gets Finalized"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2020\/05\/caesars-entertainment-and-eldorado-resorts.jpg\" alt=\"Caesars Entertainment and Eldorado Resorts\" class=\"wp-image-4531\" width=\"300\" title=\"3 Indiana Casinos Will Be Sold After Eldorado-Caesars Merger Gets Finalized\"\/><\/figure><\/div>\n\n\n\n<p>The merger between Eldorado Resorts and Caesars Entertainment was finalized earlier this week <a href=\"https:\/\/www.top10casinowebsites.net\/news\/morningstar-says-eldorado-and-caesars-17-3-billion-merger-at-risk\/\">after a long drawn out process<\/a>. The merger involves the sale of three casinos located in Indiana: <strong>the Tropicana Evansville, the Horseshoe Hammond, and the Caesars Southern Indiana in Elizabeth<\/strong>.&nbsp;<\/p>\n\n\n\n<p>The casinos need to be sold as part of a divestment agreement. Indiana regulators required the divestment for the merged company to operate within the state. The deal garnered the approval of the<strong> Indiana Gaming Commission<\/strong> (IGC) on July 10. The <strong>Indiana Horse Racing Commission<\/strong> (IHRC) quickly followed suit on July 13.<\/p>\n\n\n\n<p><strong>Tom Reeg<\/strong>, CEO of Caesars Entertainment Inc. said the merged company has set its sights on becoming the clear frontrunner when it comes to the gaming and hospitality industries. The merged company will have operations in 16 states. The merged company will keep the Caesars name to leverage its wide appeal to punters.<\/p>\n\n\n\n<p><strong>KTNV Channel 13 Las Vegas<\/strong><\/p>\n\n\n\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/gPX5X_VJaK0?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen=\"\"><\/iframe>\n<\/div>&nbsp;\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Racinos &#8211; Key Point for Indiana Regulators<\/strong><\/h2>\n\n\n\n<p>The licenses from Indiana\u2019s two horse racing tracks with casinos or \u201c<em>racinos<\/em>\u201d as they are termed are set to be transferred from Caesars to Eldorado. The two racinos are <a href=\"https:\/\/www.caesars.com\/indiana-grand\"><strong>Indiana Grand<\/strong><\/a> and <strong>Hoosier Park<\/strong>.<\/p>\n\n\n\n<p>Indiana officials were worried that Eldorado was not fully committed to its horse racing tracks, citing its other racetracks as run down and dilapidated. However, the larger concern for regulators is that the merged company would have more than half the gaming revenues of Indiana if they retained control of the state\u2019s casinos.<\/p>\n\n\n\n<p>The Horseshoe Hammond is the <a href=\"https:\/\/www.top10casinowebsites.net\/usa\/indiana\">state\u2019s top casino<\/a> and is a popular gaming destination in the Midwest due to its central location near downtown Chicago. Reeg had initially indicated that they planned to keep the Hammond location, but ultimately accepted the Indiana regulators\u2019 requirement to sell.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Eldorado Makes Concessions For Indiana Regulators<\/strong><\/h2>\n\n\n\n<p>A number of gaming analysts and observers expect the sales of the casinos to be complicated due to the <a href=\"https:\/\/www.coronavirus.in.gov\">ongoing COVID-19 pandemic<\/a>. Indiana regulators noted that they want the sales to be done quickly, in order for the casinos\u2019 employees to start working again.<\/p>\n\n\n\n<p>In order to overcome Indiana regulators\u2019 concerns about Eldorado\u2019s track record, the company\u2019s leaders promised hands on management that would ensure the casinos\u2019 success in the state. Eldorado also stated that they would be giving their local leadership teams more autonomy to make decisions on the ground.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The merger between Eldorado Resorts and Caesars Entertainment was finalized earlier this week after a long drawn out process. The merger involves the sale of three casinos located in Indiana: the Tropicana Evansville, the Horseshoe Hammond, and the Caesars Southern Indiana in Elizabeth.&nbsp; The casinos need to be sold as part of a divestment agreement. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,8],"tags":[],"class_list":["post-4568","post","type-post","status-publish","format-standard","hentry","category-industry","category-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3 Indiana Casinos Will Be Sold After Eldorado-Caesars Merger Gets Finalized<\/title>\n<meta name=\"description\" content=\"The merger between Eldorado Resorts and Caesars Entertainment was finalized earlier this week .. all the details right here...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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