What’s the Future for Harrah’s Hoosier Park?
(photo courtesy Hoosier Park)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowDespite an ownership change expected to be completed later this year, Harrah’s Hoosier Park Racing & Casino in Anderson will retain its name and branding.
Our partners at The Herald Bulletin report the soon-to-be new owners of the racino, Eldorado Resorts Inc. (Nasdaq: ERI), do not intend to change the name following the closing of the purchase from Caesars Entertainment Corp. (Nasdaq: CZR).
Eldorado agreed last year to buy Caesars in a $17.3 billion deal.
The publication says shareholders of both companies approved the proposed merger last November. The deal is undergoing regulatory scrutiny.
“As we do at all of our properties, especially growth properties, we’ll look to the future and what should be the next logical steps in terms of continuing to expand the property and bringing new amenities to the property,” said Anthony Carano, president and chief operating officer of Eldorado Resorts, during a visit to Hoosier Park. “We want to continue to evolve and be the greatest entertainment option for Anderson and for Indiana.”
Carano told the Herald Bulletin there is “tremendous opportunity for growth” at both Hoosier Park and its sister facility, Indiana Grand in Shelbyville.
The publication says officials from Eldorado and Caesars held meetings with local government officials last week to provide an update on the merger.
“There have already been discussions by Caesars to expand the footprint of the property in order to accommodate gaming and some other amenities,” said Anderson Mayor Thomas Broderick. “I think other expansions will be driven by the market. They made it clear that they’re always looking to upgrade and make their properties better.”
If approved, the merger will give Eldorado nearly 60 properties in 18 states.