Casino In Evansville Indiana
Sports betting included
Twin River Worldwide Holdings has announced an agreement with Caesars Entertainment to acquire the Tropicana Evansville Casino in Indiana for $140m. The transaction’s structure will allow Twin River to take over the property without a cash outlay.
As part of the deal, Twin River will obtain the unencumbered rights to sports betting associated with the Evansville operations, along with the online gambling skins.
Visit Harrah's Hoosier Park for Indiana's world-renowned harness racing. The casino features 2,000 slots, e-tables, racetrack views, and live music. Evansville Tropicana Casino The Tropicana Casino of Evansville welcomes you everyday of the week to enjoy its installations. The complex features two hotels: the Tropicana Evansville Hotel and Le Me 1 reviews. Casinos in Evansville, IN.
Acquisition details
Twin River is not the only company involved in the deal. According to the details of the acquisition, Gaming and Leisure Properties, Inc. (GLPI), a publicly traded gaming-focused real estate investment trust, will acquire the casino real estate for $340m. GLPI will then lease it back to Twin River for $28m per year. This deal will be subject to escalation.
Oct 13, 2017 EVANSVILLE - Twenty-two years after becoming Indiana’s first community with a casino, Evansville is again a pioneer in the gaming industry. The floating casino formerly known as Casino Aztar is. Casino Aztar is located in Evansville, Indiana and open 24 hours daily. Casino Aztar is in Evansville Indiana and located on the Ohio River. This is place has everything, table games, slots, great dining, hotel, retail shops and exciting lounge entertainment. The facility has an impressive turn-of-the-century architectural theme.
Part of the transaction also includes GLPI acquiring the real estate of a Twin River property in Dover, Delaware for $144m. The property will be leased back to Twin River for $12m a year, also subject to escalation.
Twin River president and chief executive officer, George Papanier, commented on the new transaction, stating that it is consistent with the company’s core strategy of acquiring strategic gaming assets at attractive valuations. The acquisition of the Tropicana Evansville Casino marks the tenth state in which Twin Rivers has operations.
We believe this property is a great fit for our portfolio.”
Papanier said the property will provide the company with access to the gaming market in Indiana where Twin River will look to advance its mobile and online sports betting and online gaming services.
We believe this property is a great fit for our portfolio,” Papanier added.
Acquiring Bally’s branding rights
The Evansville deal is not the only time Twin River has worked with Caesars this month. In mid-October, Twin River acquired the Bally’s casino brand from Caesars Entertainment for $20m.
Twin River plans to use the Bally’s name to rebrand almost its entire portfolio of properties. As part of the deal, Caesars will be allowed to keep the Bally’s name on its existing property in Las Vegas. Twin River Worldwide Holdings chairman Soo Kim sees the deal as an opportunity to revive a brand that is synonymous with American gaming.
Download Today and Get $10 mycash and 5M credits at my choice casino.
You already know you can earn at every turn and cash in on great rewards with mychoice®. Now, you can also get real-time updates on your account with the all-new mychoice rewards loyalty app. Plus, get $10 mycash® and 5M credits to play for fun at mychoice casino when you download the app today!
Aztar Casino In Evansville Indiana
The rewards program that lets you earn tier points and mycash while you play, dine, and shop now gives you access to your tier status, exclusive rewards, special offers, and mycash balance all in one place – instantly.