Business & Tech
Caesars Disputes $50M Fee For 2 Indiana Casino Licenses
Caesars Entertainment contests to Indiana licensing fees, threatens to back out of plans for new on-land casino in southern Indiana: Report
INDIANAPOLIS (AP) — The Las Vegas-based Casino giant Caesars Entertainment is threatening to back out of plans for building a casino in southern Indiana, arguing it shouldn't be forced to pay a $50 million state fee for acquiring two horse track casinos near Indianapolis, AP News reports. This comes after Caesars announced in November it would pay $1.7 billion to buy Hoosier Park Racing & Casino in Anderson and Indiana Grand Casino near Shelbyville, according to AP News.
The Indianapolis Business Journal reports Caesars argues the state fee for transferring those casino licenses shouldn’t apply. The report adds that Caesars has told the Indiana Gaming Commission it’s reconsidering a $90 million project for building an on-land casino, which would replace the riverboat at its Horseshoe Southern Indiana casino near Louisville, Kentucky.
The gaming commission is expected to review the Caesars-Centaur deal in May or June, which is also when the they could discuss the fee issue, IBJ reports.
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More: apnews.com, ibj.com
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