EBCI Holdings Celebrates Acquisition of Caesars Southern Indiana

Caesars Southern Indiana Casino Image
The new owners of the Caesars Southern Indiana held a ribbon-cutting ceremony on Wednesday to celebrate its acquisition of the Harrison County property.

EBCI Holdings was established by North Carolina’s Eastern Band of Cherokee Indians to diversify the tribe’s economy by expanding assets in the commercial gaming and hospitality business. Now they have their first property outside North Carolina.

Said EBCI Chief Principal Richard Sneed:

“While we are committed to providing the best entertainment and gaming for our guests, we are equally committed to our employees, their families and the Southern Indiana and Louisville communities.”

First Property in Indiana

The Caesars Southern Indiana is EBCI Holding’s first foray into commercial gaming and is also their first property in the Hoosier State. EBCI Holdings also operates two tribal casinos in North Carolina. Both properties are managed by Caesars Entertainment.

The final sale of the 110,000 square foot casino was approved by the Indiana Gaming Commission last August. Last December, EBCI reached a $250M agreement with Caesars Sportsbook to acquire the casino.Caesars Entertainment was obligated to sell the property as part of the conditions for its $17 billion merger with Eldorado Resorts last year.

Improve on an Outstanding Foundation

Despite the change in ownership, the Caesars Southern Indiana will retain its Caesars branding and it will continue to use the Caesars Rewards. Likewise, the new owners said that they also have retained 100% the casino’s close to 900 employees, including General Manager Brad Seigel and the senior management team.

EBCI also said that it is currently looking to improve the hotel, food and beverage options. However, changes will be limited to those as according to Sneed, they didn’t come in to turn things upside down but instead improve on what is already an outstanding foundation.