{"id":10870,"date":"2020-07-09T13:46:09","date_gmt":"2020-07-09T13:46:09","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=10870"},"modified":"2020-07-09T09:58:03","modified_gmt":"2020-07-09T09:58:03","slug":"concern-raised-over-eldorados-racetrack-acquisition-in-caesars-deal","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/concern-raised-over-eldorados-racetrack-acquisition-in-caesars-deal\/","title":{"rendered":"Concern Raised Over Eldorado\u2019s Racetrack Acquisition In Caesars Deal"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2019\/06\/caesars-entertainment-to-merge-with-eldorado-resorts.jpg\" alt=\"Caesars Entertainment to merge with Eldorado Resorts\" title=\"Concern Raised Over Eldorado\u2019s Racetrack Acquisition In Caesars Deal\" width=\"300\" class=\"alignright size-full wp-image-9621\" \/><a href=\"https:\/\/www.legitgambling.com\/news\/caesars-entertainment-to-merge-with-eldorado-resorts-in-billion-dollar-deal\/\">Eldorado Resorts is in the process of acquiring Caesars Entertainment<\/a> in a $17.3 billion acquisition that will turn Eldorado into a powerhouse should the deal gain all the necessary approval required. So far things have been good for Eldorado-Caesars as the Federal Trade Commission gave them conditional approval on June 26.<\/p>\n<p>Eldorado will have a total of 60 properties spread across 16 different states should it get final approval. <\/p>\n<p>The <a href=\"https:\/\/www.ftc.gov\/news-events\/press-releases\/2020\/06\/ftc-requires-casino-operators-eldorado-resorts-inc-caesars\">conditional approval given by the FTC<\/a> was subject to Eldorado selling two of its <strong>casinos in Shreveport, Louisiana and Lake Tahoe, Nevada<\/strong>. The sale would put an end to any antitrust concerns. <\/p>\n<p>The Eldorado-Caesars deal also needs regulatory approval from Nevada, New Jersey and Indiana. Nevada has already reviewed the matter and will make an announcement shortly while New Jersey is set to review the deal on July 15. <\/p>\n<p><strong>CNBC Television<\/strong><\/p>\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/D0c7iyq88m4?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe>\n<\/div>\n<p>&nbsp;<\/p>\n<p>Indiana is not impressed with what they have seen so far and have laid down 22 different conditions that Eldorado is to meet for the state to give them the go ahead. One of the bigger concerns is that Indiana does not feel that Eldorado is fully committed to the horse racing industry in the state as evidenced by its past record concerning horse tracks in other states.<\/p>\n<h2>Eldorado Must Provide Firm Commitment<\/h2>\n<p>Eldorado currently owns the <strong>Tropicana Evansville casino<\/strong> in Indiana and will acquire another four Indiana casinos once the deal with Caesars is approved. Eldorado will gain possession of <strong>Horseshoe Southern Indiana<\/strong> in Elizabeth and <strong>Horseshoe Hammond<\/strong> which don\u2019t have any horseracing. <\/p>\n<p>However, the other two properties do have horseracing. They are the <strong>Indiana Grand Racing &#038; Casino<\/strong> in Shelby and <strong>Harrah\u2019s Hoosier Park Racing &#038; Casino<\/strong> in Anderson. Eldorado has already made it clear that it has plans to sell two properties in Indiana once the deal is completed but it did not indicate which two properties it plans to sell.<\/p>\n<p>Indiana has taken the matter seriously as they hired horse racing expert <strong>F. Douglas Reed<\/strong> to provide a detailed analysis of Eldorado\u2019s two racetrack casinos in <strong>Scioto Downs, Ohio and Pompano Park, Florida<\/strong>. The report wasn\u2019t very impressive as Reed found that Eldorado did not have sufficient horseracing expertise to make any impact in Indiana. Reed also said that Eldorado had issues in the past managing racetracks. <\/p>\n<p>Eldorado has assured Indiana gaming officials that it will look to <a href=\"https:\/\/www.legitgambling.com\/sports-betting\/horse-racing\">expand the horseracing industry in Indiana<\/a>. It will be interesting to see if Indiana accepts the commitment or pushes for a detailed plan on growing racing in the state. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eldorado Resorts is in the process of acquiring Caesars Entertainment in a $17.3 billion acquisition that will turn Eldorado into a powerhouse should the deal gain all the necessary approval required. So far things have been good for Eldorado-Caesars as the Federal Trade Commission gave them conditional approval on June 26. Eldorado will have a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,2,1],"tags":[],"class_list":["post-10870","post","type-post","status-publish","format-standard","hentry","category-casino","category-legislation","category-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Concern Raised Over Eldorado\u2019s Racetrack Acquisition In Caesars Deal<\/title>\n<meta name=\"description\" content=\"Eldorado Resorts is in the process of acquiring Caesars Entertainment, things were going smoothly till now with the state of Indiana showing concern over the deal\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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