Horseshoe Casino Begins Move to Land

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Construction is expected to take 18 months to complete. (photo courtesy Caesars Entertainment) Construction is expected to take 18 months to complete. (photo courtesy Caesars Entertainment)

Construction has begun on the state's next land-based casino. Horseshoe Southern Indiana has broken ground on the $85 million project in Harrison County, which is expected to take 18 months to complete.

The 100,000-square-foot facility in Elizabeth will replace the existing riverboat casino, which will remain in operation until construction is complete. Horseshoe Southern Indiana parent Caesars Entertainment Corp. (Nasdaq: CZR) received approval from the Indiana Gaming Commission to move forward with the project in April.

Brad Siegel, senior vice president and general manager of the casino, says the new facility will feature new dining, retail and entertainment options. When the project was first announced, Siegel said it would provide more convenience for guests by connecting the casino to the hotel and parking structure.

Indiana's riverboat casinos became eligible to move onto land in 2015 following the passage of legislation by the Indiana General Assembly. The Tropicana Evansville casino became the first to make the move, opening its $50 million land-based facility last October.

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