Gambling in the USA
Indiana slaps fine Caesars Entertainment

The US state of Indiana has slapped a fine of Caesars Entertainment Corp. US$1 million. It is because the company has threatened to drop out from two mega horse racing casinos that were proposed. According to Caesars Entertainment, the company would drop the project “if the $50 million transfer fee related to Caesars’ purchase of Indiana’s two horse racing casinos wasn’t waived.” The company aims to negotiate with the State’s Gaming Commission to find a way to avoid both the fine and the fee.
“…Caesars is now facing some very difficult decisions with regard to its proposed $90 million investment in southern Indiana,” Timothy Donovan, executive vice president, general counsel and chief regulatory and compliance officer for Caesars, wrote in an email to commission Executive Director Sara Gonso Tait. “We would prefer not pulling it from next week’s agenda, but at this point we may have no choice given the continued uncertainty surrounding the $50 million transfer fee.”
Caesars received authorisation from the IGC back in April to develop its 100,000-square-foot facility in Elizabeth and has just begun working on it. It’s a move that follows the passage of a piece of legislation by the Indiana General Assembly in 2015, which allowed riverboat casinos to be moved onto land.
Source: FocusGamingNews
-
Asia7 days ago
Parimatch Hosts Rooftop Meet & Greet with Sunil Narine
-
Asia5 days ago
Jetapult-backed UMX Studios launches DriftX, a mobile car racing game
-
Latest News7 days ago
John Wright and Darrell Helyar Appointed to Board of Trustees of BetBlocker
-
Asia6 days ago
FOMO7 Expands Platform with 46 New Indian Lottery Games
-
Industry News7 days ago
ZEAL Network CEO Helmut Becker Will Not Extend His Contract Beyond January 2026
-
Latest News7 days ago
Salsa Technology brings FORMULA-BET to BiS SiGMA Americas and reinforces its Brazilian essence
-
Latest News7 days ago
Danes’ Spending on Gambling Increased in February
-
Cryptocurrency5 days ago
Slotland Entertainment Rolls out Dazzling New Slot, 8 Crystals, Across Multiple Brands with new Cryptocurrency Integration