harrah's southern indiana casino construction complete

Initial total annual rent under the lease with VICI will be $32.5 million and the lease will have an initial term of 15 years, with four 5-year tenant renewal options. (“VICI”) with respect to the real property associated with Caesars Southern Indiana. EBCI agreed to purchase the casino’s operations from Caesars for $250 million in late December 2020.Īt closing, EBCI has agreed to enter into a triple-net lease with a subsidiary of VICI Properties Inc. Subject to required regulatory approvals from the Indiana Gaming Control Commission and certain other conditions expected later this year, EBCI will make its initial investment with the acquisition of Caesars Southern Indiana from Caesars Entertainment. Timeline for Acquisition and Operation of Caesars Southern Indiana Scott Barber as Chief Executive Officer, and Adele Jacobs-Madden, an enrolled member of the Eastern Band of Cherokee Indians, as Chief Financial Officer. The venture named former regional president for Caesars Entertainment R. The Caesars purchase is EBCI’s first casino outside North Carolina. casino, located just outside Louisville, Ky.ĮBCI was established to diversify the tribe’s holdings in the commercial gaming and hospitality business as opportunities present themselves throughout the United States and elsewhere. The new leadership plans to retain all 700-plus employees at the Elizabeth, In. ELIZABETH, IN (May 12, 2021) – The Eastern Band of Cherokee Indians - which expects approval of its purchase of Caesars Southern Indiana this fall - today announced the creation of EBCI Holdings, LLC (EBCI) and its management team and board.

Harrah's southern indiana casino construction complete