Caesars Entertainment Group is expected to complete its $1.7 billion purchase of the Centaur Gaming-owned Indiana Grand and Hoosier Park racetracks sometime this month. At the June 28 Indiana Racing Commission Meeting, Caesars CEO Mark Frissora said that the company intends to focus on the Indiana horse racing industry, rather than just the casino side, according to ibj.com.
“Everybody is kind of anxious to see what happens,” said Indiana Standardbred Association President Jack Kieninger. “It's like going on a blind date. You hope she's pretty, and you hope you have a good time, but sometimes you get fooled. Hopefully, we're going to get a pretty blind date.”
The existing leadership of Rick Moore and Jon Schuster will remain in place at Hoosier and Indiana Grand, respectively, and Caesars has also suggested a potential investment of $50 million in capital and technological improvements between the two tracks. There is also the draw of recognition; horsemen hope that seeing the name Ceasars or Harrah's will draw more people to the racetracks in the future.
Read more at ibj.com.
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