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.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.