Centaur Completes Indiana Downs Purchase

Indiana Downs joins Hoosier Park in Centaur stable.

Edited Press Release
February 21, 2013

Indiana Downs

Indianapolis-based Centaur Holdings, LLC announced February 20 the completion of the acquisition of Indiana Downs and its casino in Shelbyville, Indiana. Centaur also owns Hoosier Park in Anderson.

The $500 million transaction increases Centaur's total workforce to more than 2,000 Indiana residents.

"Today represents the culmination of considerable time and effort made on behalf of Centaur by our team members, community partners, Indiana regulators and legislators, horsemen, and our sponsors, whose efforts were key to this successful acquisition," said Rod Ratcliff, Centaur Holdings, LLC chairman and chief executive officer. "Centaur is looking forward to continuing to offer guests in Indiana and from throughout the Midwest the best in gaming, racing, and entertainment through the combination of these facilities."

Centaur, founded in 1993, is a company built on the precept of furthering the entertainment and economic development benefits of Indiana gaming and horse racing. "Centaur embraces the role and understands the importance of being a dedicated and thoughtful community partner," said Jim Brown, Centaur's president and chief operating officer. "As a company, we will place significant support behind efforts to give back in our host communities through both service and support."

In addition to Indiana and Hoosier and their casinos, Centaur also owns Indiana off-track betting properties in Merrillville, Fort Wayne, Clarksville and Indianapolis.

With the purchase finalized, it is likely to change the two tracks' racing schedules so that Hoosier would become a Standardbred track, while Indiana Downs would become dedicated to Quarter Horses and Thoroughbreds. The tracks both currently race all three breeds during the year.