A $50 Million Indiana Casino Fee has Caesars Rethinking its Expansion Plans
The Las Vegas Sun recently posted an Associated Press report that Caesars Entertainment could pull out of its plans to build a new Indiana casino if it is forced to pay a $50 million casino license fee for two horse track and casinos it recently acquired near Indianapolis, Indiana.
Why Is A Indiana Casino Charging Caesars Entertainment 50 Million Dollars?
Back in November of last year, the Las Vegas casino entertainment giant announced that it had reached an agreement to buy Hoosier Park in Anderson and Indiana Grand outside of Shelbyville for $1.7 billion. As part of this deal, the state fee for transferring those casino licenses at $50 million. Through the Indianapolis Business Journal, it said that Caesars had made the argument that the state fee should not apply in this case.
The Horseshoe Southern Indiana Casino Near Louisville, Kentucky
As a response to the state’s current position on the matter, it was also reported that Caesars had told the Indiana Gaming Commission that it could pull the plug on an on-land casino expansion project in the southern part of the state. The company already operated a riverboat casino at its Horseshoe Southern Indiana casino near Louisville, Kentucky. The expansion plans called for a replacement of this property with a new land-based $90 million Indiana casino in that part of the state.
Indiana Gaming Commission
The Indiana Gaming Commission has tabled the discussion on this matter until May at the earliest or possibly as late as June. At that time, the commission is set to discuss the particulars surrounding the Caesars-Centaur agreement to buy those two horse track casino properties. According to Wikipedia, Caesars Entertainment is based in Paradise, Nevada. It currently owns and operates over 50 real money casinos and hotels and seven additional golf course properties under several different brand names.
Las Vegas, Atlantic City, Lake Tahoe, Mississippi and New Orleans
From its actual website Caesars.com, some of the biggest destinations for its real-money gambling casinos include Las Vegas, Atlantic City, Lake Tahoe, Mississippi and New Orleans. Its main base of operations is in Las Vegas with several the most popular casino and hotel properties on the Strip. Paris Las Vegas, The Linq Hotel and Casino, Planet Hollywood, The Cromwell and of course famed Caesar’s Palace are included on this list.
Bally’s And Harrah’s Casinos In Atlantic City New Jersey
The multi-billion dollar casino and entertainment company also own and operates Caesars Atlantic City and Bally’s Atlantic City. Two of the more prominent Harrah’s properties are Harrah’s Lake Tahoe and Harrah’s New Orleans. Its casino property in the Mississippi Delta is Horseshoe Tunica.
Play, Shop, Gamble, Dine At Any Caesars Entertainment Casino Resorts
One of the most popular aspects of real money gambling at Caesar’s property is one of the more lucrative loyalty rewards programs for casino regulars. You can earn when you play, dine, shop or stay at any Caesars Entertainment resorts and casinos. The loyalty program is known in the real money casino industry as Total Rewards. It offers free casino play, special member pricing, discounts and pre-sale access for select shows. There are other benefits and exclusive member offers, and it is free and easy to join. You can log onto Caesars.com for all the information on this exciting program.