Caesars Allocates $34 Million for the Expansion of Harrah’s Hoosier Park
Harrah’s Hoosier Park is set to expand, thanks to a $34 million investment from Caesars Entertainment.
The company intends to commence the expansion project in April 2022. If all goes as planned, the project should conclude by the summer of 2025.
Hoosier Park introduces new slot machines
Caesars attaches special significance to Hoosier Park as it is one of the two casinos located near Indianapolis.
Last week, the expansion of Hoosier Park was approved by a zoning board in Anderson, Indiana. The project is set to increase the property’s size by 38,000 square feet.
The plan, valued at $34 million, will broaden the gaming options at the facility by incorporating an additional 100 slot machines and 25 table games.
The project also includes the addition of a new restaurant and bar space, aiming to enhance the casino’s appeal as an entertainment option in Anderson.
Hoosier Park aspires to be a comprehensive solution for a night out, offering restaurants, bars, and gambling facilities all within one establishment.
However, for it to become a reality, the property could greatly benefit from a hotel. Even though there are hotel options near Hoosier Park, they aren’t owned by Caesars and are not located on the casino’s premises.
Currently, there are no immediate plans to incorporate a hotel, but the concept has not been entirely dismissed. Caesars has previously attempted to establish a hotel deal and those discussions may resume in the future.
Indiana Grand Casino expansion
Caesars is also in the process of expanding at Indiana Grand Casino.
Similar to the expansion at Hoosier Park, the first expansion will add 100 slot machines and 25 new table games to the casino. Caesars aims to complete this construction by the end of the year.
Indiana Grand’s second expansion is centered around horse racing, with an emphasis on enhancing the barn and dorm facilities at the racetrack.
The only two horse racing casinos in the state are Indiana Grand and Hoosier Park.
Ceasars is fully committed to gambling in Indiana, suggesting that there could be a potential expansion of horse racing at Hoosier Park in the future. This would be excellent news for gamblers who enjoy betting on horse races.
These projects costing a total of $73 million demonstrate Caesars’ serious commitment to its Indiana properties. The company’s willingness to spend could also reach the northern regions of the state.
Caesars recently got approval to retain Horseshoe Hammond in its Indiana portfolio.
Given the current situation near Indianapolis, the company may next prioritize upgrading Hammond. This would enhance the competitiveness of the riverboat against other casinos in the Chicago area.
Caesars has demonstrated its willingness to invest in its Indiana properties, irrespective of where and what upgrades are taking place.
The forthcoming upgrades to Hoosier Park and Indiana Grand should, at the very least, ensure the casinos remain in excellent condition for many years.