Caesars Entertainment reports growth in FY2023
Caesars Entertainment’s latest financial analysis covers the 2023 financial year.One of the first figures reported by the firm in the new analysis was its revenue, which...
Caesars invests $32.5 million into Indiana Grand Racing & Casino
Indiana Grand Racing & Casino will be acquiring an investment from Caesars Entertainment worth about $32.5 million for some improvements as the latter is planning on offering more job opportunities as well as making millions in gaming tax revenue.
The venue, which is located in Shelbyville, will now see an addition of a special 5,000 square foot World Series of Poker room, including a 20-seat video poker bar that comes with 65 inch screens, along with some new slots and gaming chairs, with a brand new and improved design. It will also be providing over 100 new job opportunities.
Caesars president and COO, Anthony Carano, stated:
“This investment at Indiana Grand is a testament to our continued commitment to Indiana. We are dedicated to enhancing and upgrading our operations at all of our locations, and we’re excited to start on several new phases of renovation and expansion in Shelbyville.”
It is now hoping to add around 25,000 square feet to the casino, which will open up some space for about 100 new slot machines and 25+ table games.
Moreover, the new larger gaming floor will be including a custom WSOP poker room which comes with 20 tables and will even provide methods to be able to qualify for the WSOP land-based tournaments, such as the Vegas ‘Main Event’.
Furthermore, construction is set to commence at the start of the upcoming month, and will be done by the closing of this year. In the next few months, the company will be releasing some more information on the entertainment and food aspects of the renovation, after obtaining approval from the Indiana Gaming Commission.
Indiana Grand senior vice president Mike Rich also noted:
“Since the implementation of table games in early 2020, we have looked forward to expanding our gaming operations. This growth will allow us to accommodate more guests and add more talented team members to the Indiana Grand family, and with the addition of a state-of-the-art poker room, we will expand our casino offerings to include some of the most notable programs in the United States, including World Series of Poker.”
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