Caesars Entertainment, Inc. (CZR), a casino-entertainment company, said Thursday it has agreed to sell the operations of Caesars Southern Indiana to the Eastern Band of Cherokee Indians or EBCI for $250 million, subject to customary purchase price adjustments. The transaction is expected to close in the third quarter of 2021.
At the closing of the transaction, EBCI will also enter into a new lease with year one annual rent payments of $32.5 million with VICI Properties Inc. (VICI), who maintains ownership of the real estate of the property.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.