Caesars Entertainment, the sprawling casino company with a stake in a number of racetracks in the U.S., has reached an agreement to buy Centaur Gaming Inc., the owner and operator of the two racetrack-casinos in Indiana, the companies announced Thursday.
Caesars will pay $1.7 billion in cash for the two properties, Hoosier Park Racing and Casino in Anderson, Indiana, and Indiana Grand Racing and Casino in Shelbyville, according to the two companies. In a statement, the company’s officials noted that the two properties are close to Indianapolis, the state’s largest city, while most of Indiana’s other casinos hug the state’s borders.
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