VIE 29 DE MARZO DE 2024 - 01:59hs.
Expanding operations in Indiana

Caesars buys casino operator Centaur for US$1.7 billion

Caesars Entertainment Corp informed it would buy privately owned casino and horse racing company Centaur Holdings for US$1.7 billion in cash to expand in Indiana. The deal comes about a month after Caesars’ main operating unit emerged out from a near three-year bankruptcy.

Caesars buys casino operator Centaur for US$1.7 billion

Indiana Grand Racing & Casino one of Centaur's properties compared by Caesars

Indiana Grand Racing & Casino one of Centaur's properties compared by Caesars

In recent years, the U.S. gambling industry has faced a shake-up as a result of the legalization of gaming in states that used to prohibit it. States that have recently opened themselves to casinos include Maine, Ohio, Kansas and Maryland.

Indianapolis-based Centaur has more than 6.5 million guests each year across its properties and serves more than 1.1 million members as part of its loyalty program, Caesars said.

Caesars informed the offer included US$1.63 billion at closing and US$75 million in deferred consideration.

Following the deal, Caesars would add the Hoosier Park Racing & Casino and Indiana Grand Racing & Casino properties. The properties include more than 2,000 slot machines and table games, as well as dining outlets and horse racing tracks.

Casino operators are also looking to increase their scale by consolidating, partly in response to a decline in revenue as gamblers age.

Source: GMB / Reuters