Caesar Entertainment plans to upgrade its properties that stem across Indiana ahead of sports betting launch expected. The properties will include Winner Circle in Indianapolis (Off-Track Betting facility), casinos in Anderson, Shelbyville among other Indiana-based properties.
The announcement made on Tuesday 25th June 2019, a day after Caesar Entertainment and Eldorado Entertainment announced a merger that would see Eldorado paying $17.3 Billion including the outstanding debt. May 2019 saw Eric Holcomb, Indiana Governor, sign a law which would legalize sports betting of professional and collegiate sporting events.
The operators that would have their licenses approved would provide their services and products online via a smartphone or desktop or they would offer them physically at the land-based venues.
The signed law is expected to be effected as from September 1, 2019. However, the Indiana Gaming Commission, the regulatory body mandated to govern the betting industry in the state said that the bettors would have to be a little patient before being able to take sports bets.
The commission did not give a concrete reason as to why the September 1st feat would not be achieved. The body stated that it will, however, try to meet the date but ‘factors outside their control’ would not make the authorization ready.
With Caesar on the verge of launching the biggest US casino company after a merger with Eldorado, the company is still working on its properties before the regulatory approval is made. The company is working on upgrading its four (4) casinos and three (3) off-track betting venues that are located in Indiana. The upgrades at stake are the addition of sportsbooks to them ahead of the anticipated launch.
Confirming the upgrades, Vice President of Hospitality at Caesars, Kyle Waggoner, said that that the company was ‘kind of getting prepared for when those (new sports gambling regulations) come in.’ In the address still, the company gave a taste of the other upgrades that would be expected.
At the Winner’s Circle Off-Track Betting facility, the players would be welcomed to an improved bar seating and televisions. The company would also adjust the floor plan to allow players to view the TV screens where odds and sporting events would be displayed in the facility.
There will also be an addition of terminals off the existing horse racing terminals which according to Waggoner is tailored for players aged 50 years and above. To attract young clients, the company will provide a new activity area fitted with shuffleboard and cornhole boards. The vice president sees the upgrades as those that will bring a whole different atmosphere. Explaining this, he stated, ‘… (the area) will be a sports-bar type atmosphere with a more modern fresh feel to the location.’
The company will still take the upgrades to the other properties in Anderson, Harrah’s Hoosier Park & Casino, in Elizabeth, Horseshoe Southern Indiana, in Shelbyville at Indiana Grand Racing & Casino and Horseshoe Hammond and two other Off-Track Betting facilities located in New Haven and Clarksville.
All these upgrades are projected to be complete by the end of the year with the Eldorado-Caesars deal expected to be approved in the first half of 2020.