![]() “I want to thank the Team Members of Southern Indiana for all of their hard work and wish them continued success under their new leadership,” said Tom Reeg, CEO of Caesars Entertainment, Inc., upon the completion announcement. According to Caesars, in connection with this transaction, its annual base rent payments to VICI Properties under the Regional Master Lease will be reduced by $32.5 million. The deal was secured by both parties for approximately $250 million. Base rent payments to VICI under the lease will be reduced by $32.5M.Ĭaesars 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 acquisition marks the first ownership of a gaming unit outside of North Carolina for the Eastern Band of Cherokee Indians, which is set to retain the Caesars brand and Caesars Rewards loyalty program at the newly acquired casino. Caesars was set to sell the property as a condition set following its combination with Eldorado Resorts. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |