Caesars granted extension for Indiana casino sale
Caesars will be given another year to sell the Hammond casino property in Indiana.
US.- The Indiana Gaming Commission (IGC) has granted Caesars Entertainment a one-year extension on the obligatory sale of the Hammond casino property in Indiana.
A deadline to sell the venue was initially set for December 31, but the IGC has put the date back due to the uncertainty of casino expansion in Illinois and the impact of the coronavirus pandemic on the industry as a whole.
Sara Tait, the commission’s executive director, said: “Granting relief regarding divestiture timing is in the best interest of the state and local community, and will not negatively impact operations at the property.”
The IGC demanded the sale of the property due to Caesars merger with Eldorado, owing to concerns over the economic concentration of the state’s casino market.
Churchill Downs has been identified as a prospective buyer for the southern Indiana casino by analysts, but the operator has yet to comment on the matter.
