New Caesars Southern Indiana Owners Pledge To Retain Entire Workforce

If the Eastern Band of Cherokee Indians finalizes its purchase of Caesars Southern Indiana, all employees will remain in their positions. This information comes from the latest update provided by the potential buyers of the property.

Moreover, the prospective new owners plan to uphold the existing state of affairs in several other aspects that may impact the facility’s patrons. Such commitments could contribute to a more straightforward and quicker approval of the deal.

Recent updates on the sale of Caesars Southern Indiana

The process for this change in ownership was initiated by Caesars and Eldorado Resorts when they merged in late 2019.

The Indiana Gaming Commission (IGC) necessitated Caesars to divest three of its properties in the state to meet antitrust standards. However, the choice of which three properties to sell was left to Caesars.

Caesars Southern located in Elizabeth is one of the three properties that the company decided to sell. The other two, Horseshoe Hammond and Tropicana Evansville, are also up for sale.

In the previous December, it was announced by Caesars that they had negotiated a deal with the Eastern Band of Cherokee Indians for the acquisition of Caesars Southern Indiana. If the IGC gives its approval, the transition of ownership could be barely disruptive.

In the interest of continuity, the tribe has pledged to do the following:

• Continue providing the Caesars Rewards program to guests.
• Maintain Brad Siegel in his current position as the casino’s general manager.
• Keep the entire workforce of the casino, which is over 700 people.

It’s still uncertain when the transaction will close and what implications it could have for casino patrons. However, this recent commitment could potentially speed up and streamline the process.

This year could see a change in ownership.

The tribe’s holding company for its Indiana interests anticipates that the commission will approve the transaction this fall.

This is one of the last steps in the regulation process, and it could indicate a complete sale closure before the end of 2021.

In addition to committing to maintain the current staff, the IGC is expected to greenlight the deal due to the tribe’s proven expertise in managing casinos. The Eastern Band of Cherokee Indians, which runs several casinos in North Carolina and is considering establishing a potential facility in Virginia, exemplifies this experience.

The tribe’s casinos have been successful, enabling them to expand into other markets such as Indiana and Virginia. They have also recently acquired land in Tennessee, although casino gaming is still prohibited in that state.

Every indication suggests that the sale of Caesars Southern Indiana will finalize towards the end of this year. If the new proprietors honor their promises, all the existing employees at the casino should retain their positions.