Caesars completes sale of southern Indiana operations to tribal operator
Caesars Entertainment has finalised the sale of its Caesars Southern Indiana land-based casino to the Eastern Band of Cherokee Indians.
Agreed In January of this year, the deal saw the tribal operator pay $250m (£180.7m/€210.7m) to take over the property in Elizabeth, Indiana.
Caesars and the Eastern Band of Cherokee Indians also extended their existing relationship by entering into a long-term agreement for the continued use of the Caesars brand and Caesars Rewards loyalty program at the property.
Caesars began working with the Eastern Band of Cherokee Indians in 1996 when together they partnered to open Harrah’s Cherokee in North Carolina. A second property, Harrah’s Cherokee Valley River, followed in 2015.
“I want to thank the team members of Southern Indiana for all of their hard work and wish them continued success under their new leadership,” Caesars chief executive Tom Reeg said.