Indy-based company clears key hurdle in purchase of Shelbyville casino

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Indianapolis-based Centaur Holdings, LLC will become the owner of Indiana Grand Casino and Downs in Shelbyville after clearing a key hurdle Thursday.

The Indiana Gaming Commission granted unanimous, conditional approval for the sale, the second of two endorsements Centaur had to earn. The Indiana Horse Racing Commission endorsed the deal last month. A final review by the chairman of the Indiana Horse Racing Commission and several financing and federal regulatory approvals will complete the deal.

“Both the Indiana Gaming and Horse Racing Commissions’ unanimous approvals place the purchase of Indiana Grand Casino and Downs near completion, with several regulators still needing to fully review the finalized agreement,” said Rod Ratcliff, chairman and CEO of Centaur Holdings, LLC. “Centaur is ready to expand our Indiana roots, investment, and positive community relationships through the successful completion of this acquisition.”

Founded in 1993, Centaur is a privately owned company headquartered in Indianapolis. The company also owns Hoosier Park Racing & Casino in Anderson. The deal for Indiana Grand Casino and Downs will double Centaur’s workforce.

Indiana Grand Casino and Downs, located in Shelbyville, Ind., opened its racetrack, Indiana Downs, in December 2002. Indiana Grand Casino, formerly Indiana Live!, opened in June 2008.

Centaur also owns and operates Hoosier Park Racing & Casino in Anderson, Hoosier Park’s Winner’s Circle Pub, Grille & OTB in Indianapolis and off-track betting facilities in Fort Wayne and Merrillville.

7 comments

  • KEB1960

    I hope they get some new management too when they come in. Shelbyville used to be a great casino to go too till they got greedy and will not give anything away to their casino players. There are no discounts on food or free food vouchers. There is a ungodly amount of play to become a gold card member. They have taken out so many slot machines it looks almost vacant in the casino. No bands anymore now just a DJ with loud ass music that is the same over and over each week nothing new. They need to cater to older people because that is where the money is coming from. Younger people want to party and have a good time but are not the ones putting the money in the slot machines like the older folks do. They need to cater to older people and come off some comps and for the love of God get some more slots in there that are worth playing. Even some progressive slots would be nice.

    • Joe

      I disagree wiht oyu , I am young and i pump plenty of money into the slots, i think the DJ is excellent, I do agree about the card requirements thought and the discounts on food and what not

    • David

      I like the dj. He's a blast. Passes out prizes and plays a fun mix. Other casino's are boring as hell. Really, all they need is a hotel and dealers. I am hoping that with the purchase, a hotel or live dealers come soon.

  • KEB1960

    They used to have some great live bands, they should do the DJ thing and then do the bands after that. I cant stand the guy that does the Indiana LIVEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE Casino ! LOL

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