Caesars acquires Centaur Holdings
The transaction that expands the company’s reach in Indiana has been finalized for US$1.7 billion.
US.- Caesars Entertainment announced on Tuesday that it has finalised the acquisition of Centaur Holdings for US$1.7 billion. With the acquisition, the company extends its reach in Indiana and adds 35 companies over 11 countries to its portfolio.
Of the US$1.7 billion in cash, US$1.62 billion was due at closing and US$75 million is deferred for consideration. The transaction adds Hoosier Park Racing and Casino in Anderson, Indiana, and Indiana Grand Racing and Casino in Shelbyville, Indiana to the Caesars Entertainment portfolio.
“The Centaur acquisition expands our footprint to the attractive central Indiana region with exciting new destinations that are profitable, well-capitalized and highly complementary to our existing portfolio,” said Mark Frissora, President and CEO of Caesars Entertainment. “This project is an important part of our growth strategy, which expands our brands, increases revenue and facilitates broad distribution of the Total Rewards program.”
Both Hoosier Park and Indiana Grand offer live and simulcast horse racing, multiple dining outlets, entertainment and feature approximately 2,000 of the latest slots and electronic table games. The properties welcome more than 6.5 million guests combined each year and serve more than 1.1 million members as part of its loyalty program.
