![]() ![]() The sale of Caesars Southern Indiana was necessitated by Caesars’ $17.3bn merger with Eldorado Resorts in August 2020. “We are pleased to build upon our long-standing partnership with Caesars as we look to advance our interests in commercial gaming in the coming years.” All thanks to Eldorado merger “The purchase of Caesars Southern Indiana operating company marks the beginning of an exciting new future for the Eastern Band of Cherokee Indians,” said Richard Sneed, Principal Chief Eastern Band of Cherokee Indians, in Thursday’s announcement. ![]() VICI, a real estate investment trust spun-off from Caesars Entertainment in 2017, owns the actual real estate of Caesars Southern Indiana the EBCI is buying only the casino’s operations.īeginning of an exciting new future for the Eastern Band of Cherokee Indians” Once the transaction closes – likely in the third quarter of 2021 – the EBCI will rent the property from VICI Properties for $32.5m per year. As part of the deal, the EBCI will be able to keep the Caesars brand with the casino and continue to offer the Caesars Rewards loyalty program at the Elizabeth, Indiana venue. Caesars Entertainment has agreed to sell the operations of Caesars Southern Indiana to the Eastern Band of Cherokee Indians (EBCI) for $250m.
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