HAMMOND - The Indiana Gaming Commission (IGC) on Thursday amended its order requiring Caesars Entertainment, to sell a third casino asset in the state. As a result, Caesars will continue to own and operate Horseshoe Hammond, Indiana Grand, Harrah’s Hoosier Park, and its three off-track betting locations.
Tom Reeg, the CEO of Caesars Entertainment said in a news release that the company is confident that its continued operating of Horseshoe Hammond is in the best interest of their team members, guests, the Hammond community, and the State of Indiana.
Caesars Entertainment recently closed on the sale of Tropicana Evansville and expects to close on the sale of Caesars Southern Indiana sometime in the third quarter of this year.
The "Times" has reported that Reeg and Hammond Mayor Thomas McDermott Jr. sent letters to the Indiana Gaming Commission asking it to reconsider its directive for Caesars to sell the Horseshoe, saying that it would be in the state's best interests to allow Caesars to retain control, given the current business climate in the industry, namely the opening of the Hard Rock Casino Northern Indiana.
