Indiana Gaming Commission Approves Caesars Casino Sale

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Review Journal

6 biggest casino deals on the Las Vegas Strip in 2022

A number of casino operators changed up their real estate portfolio this year with sales, acquisitions and leasebacks - showcasing a flurry of activity after the short but steep economic fallout caused by the COVID-19 pandemic. And a number of those deals, announced last year, have closed in 2022. Here are six of this year's major deals on the…

Industry ・ 26 December 2022

Nevada Appeal

Tribal owner of Hard Rock now running Mirage in Las Vegas

LAS VEGAS - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Dec. 19, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Florida-based Hard Rock International, owned by the Seminole Tribe,…

Land-based ・ 26 December 2022

CBS News

Florida-based Hard Rock International now running iconic Mirage resort in Las Vegas

LAS VEGAS - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Monday, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Hard Rock International, owned by the Seminole Tribe, said it plans to…

Land-based ・ 21 December 2022

KOLO

Tribal owner of Hard Rock now running Mirage on Vegas Strip

LAS VEGAS, Nev. (AP) - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Monday, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Florida-based Hard Rock International, owned by the Seminole…

Land-based ・ 21 December 2022

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9 News

Tribal owner of Hard Rock now runs Mirage

LAS VEGAS - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Monday, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Florida-based Hard Rock International, owned by the Seminole Tribe,…

Land-based ・ 21 December 2022

Fox 5 Vegas

Tribal owner of Hard Rock now running Mirage on Las Vegas Strip

LAS VEGAS (AP) - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Monday, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Florida-based Hard Rock International, owned by the Seminole…

Land-based ・ 20 December 2022

Tampa Bay Times

Florida-based Hard Rock now running Mirage on Vegas Strip

LAS VEGAS - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Monday, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Florida-based Hard Rock International, owned by the Seminole Tribe,…

Land-based ・ 20 December 2022

Review Journal

Caesars, Cherokee Indians partner on Virginia casino

Caesars Entertainment and the Eastern Band of Cherokee Indians announced a partnership Wednesday in the development of the $650 million Caesars Virginia. Construction is scheduled to begin this week on the Danville, Virginia project, which is slated to open in late 2024. The resort will include a 500-room hotel, 2500-seat live entertainment venue…

Sports ・ 10 August 2022

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Gambling News

Caesars and EBCI to Build a $650M Casino in Virginia

Nasdaq-listed, leading company boasting the most prestigious gaming brands on the planet Caesars Entertainment has announced a joint venture partnership deal with the Eastern Band of Cherokee Indians (EBCI). According to the terms of the agreement, the two parties will work together to build and open Caesars Virginia, a $650 million casino in…

Sports ・ 10 August 2022

The Nevada Independent

Indy Gaming: Bally’s says it will close purchase of Tropicana Las Vegas next month

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz More than a year after announcing a deal…

Valentine's Day ・ 10 August 2022

The Street

MGM Closes Las Vegas Strip Deal, Sells Another Casino

Finding the exact right mix of properties on the iconic Las Vegas Strip has been an ongoing challenge for both MGM Resorts International (MGM) - Get MGM Resorts International Report and rival Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report. Both companies need the right balance of value, mid-tier, and upper level properties…

Land-based ・ 10 June 2022

The Street

Caesars Nears Las Vegas Strip Casino Sale (It's More Complicated Than That)

Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report Chief Executive Tom Reeg spent $17.3 billion when his former company, Eldorado Resorts, bought the casino giant in 2020, The new company kept the Caesars name and took on roughly $13 billion in debt at the time of the deal. The combined company owns casinos all around the U.S. and…

Land-based ・ 09 May 2022

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The Nevada Independent

A buyer’s market: Vegas Strip casinos a hot commodity

High-profile Las Vegas Strip resorts aren't put up for sale every day. Last week, however, Caesars Entertainment and MGM Resorts International, the Strip's two largest operators with a combined 17 properties, each said they wanted to part ways with a hotel-casino. In a year that has seen more than $30 billion in announced mergers and acquisition…

Covid ・ 08 November 2021

Yogonet

Caesars finalizes $250M sale of Southern Indiana casino to Cherokees

aesars Entertainment has completed the previously announced sale of Caesars Southern Indiana operations to the Eastern Band of Cherokee Indians, confirmed the casino-entertainment company last Friday. The deal was secured by both parties for approximately $250 million. According to Caesars, in connection with this transaction, its annual base rent…

Gaming Authorities ・ 06 September 2021

Smoky Mountain News

Indiana approves EBCI casino purchase

The Gaming Commission approved Caesars Entertainment's sale of Caesars Southern Indiana Casino & Hotel to EBCI Holdings LLC at an Aug. 18 business meeting, and closing is now expected to occur in September. "We are delighted to move forward with Caesars and expand our already successful portfolio," said R. Scott Barber, CEO of EBCI Holdings, the…

Gaming Authorities ・ 24 September 2021

Yogonet

The Indiana Gaming Commission approves Caesars Southern Indiana $250M sale

he Indiana Gaming Commission approved Wednesday, August 18 the sale of Caesars Southern Indiana casino to ECBI Holdings, a company run by the Eastern Band of Cherokee Indians tribe. Now cleared, the deal is expected to close at some point in the upcoming month. In December 2020, Caesars agreed to sell the casino to EBCI for $250 million. Caesars…

Gaming Authorities ・ 19 August 2021

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IGC Rules on Terre Haute, Horseshoe Hammond Casinos

The Indiana Gaming Commission (IGC) has provided rulings regarding two casinos in the state, denying the renewal of one facility's license and canceling the forced sale of another. In a blow to its owner Lucky Luck Gaming, a new Terre Haute casino in Vigo County will not have its gaming license renewed by the regulator, according to a ruling…

Gaming Authorities ・ 28 June 2021

Review Journal

Two casino properties receive licensing approval from Nevada Gaming Commission

The Nevada Gaming Commission on Thursday unanimously approved licenses for a newly renamed Henderson casino and fast-growing Bally's Corp., and approved Caesars Entertainment Inc.'s multibillion-dollar deal to acquire Nevada's largest sportsbook operator. The Pass at Water Street, formerly known as the Eldorado Casino in Henderson, won licensing…

Gaming Authorities ・ 23 May 2021

Smoky Mountain News

Tribal members seek to reverse casino purchase

A group of 14 tribal members that includes two sitting Tribal Council members and a former principal chief has entered a resolution aiming to reverse a Dec. 17 vote to purchase the gaming operation at Caesars Southern Indiana Casino for $250 million. The protest letter and proposed resolution claim that the decision and the meeting in which it was…

Travel ・ 19 January 2021

Journal Review

Caesars to sell southern Indiana casino to Cherokee tribe

ELIZABETH, Ind. (AP) - Caesars Entertainment has reached an agreement to sell a southern Indiana casino to the North Carolina-based Eastern Band of Cherokee Indians for $250 million, the company said. Caesars Entertainment officials announced the sale agreement for Caesars Southern Indiana on Thursday ahead of the company's Dec. 31 deadline to…

Gaming Authorities ・ 19 January 2021

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Casino News Daily

Caesars Sells Southern Indiana Casino to Cherokee Tribe in $250M Deal

Casino giant Caesars Entertainment Inc. has agreed to sell its Caesars Southern Indiana casino to the Eastern Band of Cherokee Indians (EBCI) for $250 million, news emerged Thursday. The Southern Indiana property is being sold to the tribal operation a year after Caesars completed its $90 million renovation and expansion. Caesars Southern Indiana…

Gaming Authorities ・ 25 June 2021