Report: Caesars Looking to Buy Indiana Racinos

Indiana Grand Casino saw the highest increase in March.

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Las Vegas-based Caesar’s Entertainment Corp. (Nasdaq: CZR) is close to a deal to acquire two Indiana casinos, according to a report from Bloomberg. The deal for Indiana Grand Racing & Casino in Shelbyville and Hoosier Park Racing & Casino in Anderson could be worth more than $1 billion.

Sources tell Bloomberg Caesars and the casinos’ parent, Indianapolis-based Centaur Gaming, are in the final stages of negotiations and a deal could be announced this week. The acquisition would be Caesars’ "first major deal since a three-year bankruptcy saga concluded," according to Bloomberg.

Caesars also owns Horseshoe Hammond Casino and Horseshoe Southern Indiana Hotel and Casino in Harrison County.