Tuesday, March 13, 2018 1:00 am
Caesars threatens to pull state casino plan
INDIANAPOLIS – Caesars Entertainment is threatening to drop plans for building a casino in southern Indiana while arguing it shouldn't be forced to pay a $50 million fee for acquiring two horse track casinos.
Las Vegas-based Caesars announced in November that it would pay $1.7 billion to buy Centaur Gaming, which owns Hoosier Park, a casino and racetrack in Anderson, and the Indiana Grand casino and racetrack in Shelbyville.
Caesars argues the state fee for transferring those casino licenses shouldn't apply. The company also told the Indiana Gaming Commission it's reconsidering a $90 million project for building an on-land casino to replace the riverboat at its Horseshoe Southern Indiana casino near Louisville, Kentucky, the Indianapolis Business Journal reported.
State law prohibits a company from owning more than two casinos in Indiana but that law doesn't apply to racetrack-based casinos, which are authorized under a different law.