North Carolina-based EBCI Holdings has finalized its purchase of Caesars Southern Indiana in the Harrison County town of Elizabeth. The new owner says it plans to retain the nearly 900 staff and management in their current positions. EBCI represents the commercial gaming and hospitality business for the Eastern Band of Cherokee Indians.
“As we’ve discovered, Caesars Southern Indiana also employs an excellent workforce and has made meaningful investments in the community over the last two decades. We look forward to building on that success,” said Scott Barber, chief executive officer of EBCI Holdings.
EBCI agreed to purchase the operations of the casino in December 2020 for a base purchase price of $250 million. EBCI will operate the casino under the Caesars brand. Caesars sold the property as a condition of its $17 billion merger with Eldorado Resorts last year.
The tribe operates two Caesars Entertainment casinos in western North Carolina. Caesars Southern Indiana is the tribe’s first out-of-state acquisition.
“Today marks a significant milestone not only for the tribe but also for our longstanding relationship with Caesars Entertainment,” said Eastern Band of Cherokee Indians Principal Chief Richard Sneed. “Caesars Entertainment has been a great partner for us in North Carolina and we’re excited to continue that success in Indiana.”
The closing follows the approval from the Indiana Gaming Commission last month.