Caesars Entertainment acquires Centaur Holdings for $1.7 billion

Video slot machines at Caesars Palace in Las Vegas, Nevada.

George Rose | Getty Images

Video slot machines at Caesars Palace in Las Vegas, Nevada.

Caesars Entertainment said This kind of incorporates a deal to acquire Centaur Holdings for $1.7 billion in cash.

As part of the deal Caesars would likely be able to add Indiana properties to its rewards network. CEO Mark Frissora said that will the proposed acquisition is actually “an excellent opportunity to enter into a growing region.”

Caesars said the deal would likely add Indiana properties Hoosier Park in addition to Indiana Grand to its rewards portfolio.

The company said in a statement that will Indiana is actually under saturated in addition to “favorable economic fundamentals.”

Caesars said that will Centaur welcomes more than 6.5 million guests annually in addition to has more than 1.1 million loyalty program members.

Shares of Caesars Entertainment edged slightly higher in extended trade. The stock has gained more than 50 percent so far This kind of year.

This kind of story is actually developing. Please check back for updates.

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