Caesars Entertainment Receives Regulatory Approval to Acquire Centaur Holdings

The company looks to complete the transaction by mid-July.

Edited Press Release

Caesars Entertainment Corp. has received regulatory approval to acquire Centaur Holdings, which owns two racetracks in Indiana, including Indiana Grand.

Caesars Entertainment Corp. today announced that the Indiana Horse Racing Commission and the Indiana Gaming Commission have granted approval of the proposed acquisition of Centaur Holdings LLC.

With the receipt of these approvals, the Company has met the necessary regulatory requirements and expects to complete the transaction in mid-July.

“We are pleased that the Horse Racing Commission and the Gaming Commission have given us the approvals we need to allow for a smooth transfer of ownership of Indiana Grand and Hoosier Park,” said Caesars Entertainment’s president and chief executive officer Mark Frissora. “This acquisition represents an outstanding opportunity to expand our footprint in a growing region while also leveraging our Total Rewards loyalty network to benefit the customers of Indiana Grand and Hoosier Park.

"We will continue to offer the excellent customer service that guests of Indiana Grand and Hoosier Park have come to expect and we look forward to welcoming them to the Caesars family," he added.

Indiana Grand and Hoosier Park welcome more than 6.5 million guests combined each year and serve more than 1.1 million members as part of its loyalty program.

Hoosier Park and Indiana Grand, which serve the Indianapolis and central Indiana areas, will add to the Caesars network in the state, which already includes Horseshoe Hammond and Horseshoe Southern Indiana. Horseshoe Hammond serves the Chicagoland area and Horseshoe Southern Indiana serves the southern Indiana and Louisville area.

“To say the constituency of the Quarter Horse Racing Association of Indiana is excited about the Ceasar’s acquisition of Indiana Grand would be an understatement!" said QHRAI President Paul Martin. "In recent meetings with the Ceasars executive team, they have assured us their focus will be to take great existing program, to an even greater level of racing. Given the brand name recognition of the Ceasars Entertainment group, and the spirit of a great partnership with the QHRAI, we are confident the quality of quarter horse racing in Indiana will go to the next level.”

Both Hoosier Park and Indiana Grand feature live and simulcast horse racing, more than 2,000 of the latest slots and electronic table games, live entertainment and multiple dining outlets.

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