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.