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Indiana Regulator Fines Caesars $1 Mil, Approves Centaur Casinos Buy

The Indiana Playing games Commission all approved Thursday the consist of acquisition of 2 state racinos by Caesars Entertainment Corp., but fined the Vegas gaming massive $1 trillion over its threats to help nix other project with Indiana due to a dispute having local regulators.

Caesars announced last drop that it would definitely purchase the Hoosier Park racino in Anderson and the Indianapolis Grand racino near Shelbyville from Centaur Gaming meant for the total amount regarding $1. 7 billion . Gaming regulators voted 5-0 in favor of package during their Thurs meeting. When complete, the exact transaction will make Caesars the greatest commercial game playing operator on the state along with four qualities. The company already owns the main Horseshoe Hammond and Horseshoe Southern Indianapolis riverboat gambling houses in the say.

During the Thurs . meeting, the exact Gaming Percentage also published that Caesars would be required to pay a $1-million good for frightening to cancel out the $90-million relocation regarding Horseshoe Southerly Indiana into nearby the country.

Local medium outlets noted earlier this current year, citing e-mail between Caesars and the Indianapolis Gaming Cost, that the buyer disputed a $50-million fee required to be paid by simply Centaur to the change about ownership of the above-mentioned 2 gaming components. Under say gaming legal guidelines, the shift fee does apply to any such transaction, until it involves choices that are with Chapter 10 bankruptcy proper protection.