Caesars Entertainment Announces Sale of Harrah’s Las Vegas

December 4, 2017

Renowned global casino resort developer Caesars Entertainment Corporation recently announced their intention sell their real estate assets associated with Harrah’s Las Vegas. The proceeds of this sale are to be used to finance the corporation’s purchase of two casino properties in Indiana both of which are estimated to cost about $1.7 billion – these are, Centaur Holdings and both of its Indiana horse racetrack casinos, Indiana Grand and Hoosier Park. This should be more of a sweet deal for Caesars Entertainment as last year, the two horse racetracks collectively brought in $480 million in gross revenue. The gaming company reportedly… Read More