Native American tribe to buy Caesars Southern Indiana casino

Ceasars Southern Indiana has agreed to sell its operations to a Native American tribe for $250 million, the company announced. 

The Eastern Band of Cherokee Indians are the buyers of the Elizabeth, Indiana, casino, according to a news release

“The purchase of Caesars Southern Indiana operating company marks the beginning of an exciting new future for the Eastern Band of Cherokee Indians,” Richard Sneed, Principal Chief Eastern Band of Cherokee Indians, said in the release. “We are pleased to build upon our long-standing partnership with Caesars as we look to advance our interests in commercial gaming in the coming years.” 

The transaction is expected to close in the third business quarter of 2021. The tribe will retain the use of the Caesars branding and Caesars Rewards loyalty program. 

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