More Slots, Table Games and a Poker Room Coming to Indiana Grand
Caesars Entertainment (NASDAQ: CZR) has announced that it is set to spend $32.5 million expanding the Indiana Grand Racing & Casino in Shelbyville. The plans will see the gaming floor increased by roughly 25,000 square feet, creating space for 100 more slot machines and 25 more table games.
Furthermore, the expansion will also create 100 new jobs at the casino, which is located 20 miles outside of downtown Indianapolis.
Together with the gaming floor expansion, Caesars is also planning to improve the culinary, hospitality and entertainment options, and further announcements about these are due later in the year once the local government and IGC have given approval.
The casino is one of the largest in Indiana. It currently has 1,084 slot machines and 61 table games. After the expansion, only the Horseshoe Hammond will offer more table games in the state, with 111. Last year, despite the pandemic, the racino generated more than $30.9 million in tax revenue for Indiana, compared to the Horseshoe’s $49.7 million.
In 2020, Tom Reeg, who is now CEO of Caesars Entertainment, suggested that the company would be investing about $60 million to add more games to both the Indiana Grand and Hoosier Park, both of which are close to Indianapolis. Prior to the change in Indiana’s gaming laws in 2019, the casinos were only allowed to offer electronic games.
Caesars President and COO Anthony Carano said that the company plans to invest in all of its casinos and added, “This investment at Indiana Grand is a testament to our continued commitment to Indiana.”
The expansion also includes plans for a World Series of Poker-themed live poker room that will contain 20 tables. Furthermore, once complete, the poker room will give players the chance to qualify for WSOP land-based tournaments, including the main event. Work on the expansion is due to begin in April and should be complete by the end of the year.