The deal was finalized on Friday, shortly after the Gaming Commission gave the necessary regulatory approval for the transaction to proceed. In June, the Gaming Commission allowed Caesars to retain ownership of its Horseshoe Hammond venue, the third gambling establishment it was told to sell.ĮBCI agreed to pay $250 million for Caesars Southern Indiana. The operator finalized the sale of Tropicana Evansville to Bally’s Corp. The state gaming regulator ordered Caesars to secure the sale of three of its properties in Indiana by the end of 2020 as part of the approval process of the company’s $17.3 billion tie-up with Eldorado Resorts. The Nevada-based casino powerhouse announced that it would sell Caesars Southern Indiana to the tribal entity in late 2020, just days before an Indiana Gaming Commission-imposed deadline for the company to find a buyer for the property.

The company owns two gambling venues in North Carolina.

The deal has paved the way for EBCI to enter the Hoosier State’s casino industry. last week closed the sale of Caesars Southern Indiana to EBCI Holdings, a gaming and hospitality company managed by the Eastern Band of Cherokee Indians. Casino operator Caesars Entertainment, Inc.

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