Caesars Entertainment, Inc. has agreed to sell Caesars Southern Indiana to the Eastern band of Cherokee Indians for $250 million, the company announced Thursday.
The 20-year-old casino on the Ohio River in Elizabeth, Indiana, retired its three-floor riverboat and moved into a new, $85 million land-based building in late 2019.
"Expanding our relationship with the Eastern Band of Cherokee Indians is an exciting event for Caesars Entertainment," Tom Reeg, CEO of Caesars Entertainment, Inc., said in a news release. "Since our partnership began back in 1996, we have admired their growth and the success of their properties. We look forward to increasing our relationship by extending the Caesars brand and Caesars Rewards loyalty program to them at Caesars Southern Indiana."