The Herald Bulletin

Morning Update

Local News

January 30, 2013

Centaur projects Indiana Grand purchase by mid-February

INDIANAPOLIS — A company trying to buy Shelbyville’s Indiana Grand Casino and Downs has cleared another hurdle.

Indianapolis-based Centaur Holdings, LLC, which also owns Anderson’s Hoosier Park racino, is now projecting the approximately $500 million purchase will be finalized by mid-February.

Although a Delaware bankruptcy judge gave Centaur the go-ahead to buy Indiana Grand and Downs last year, the sale was halted by a waiting period and review mandate under the Hart-Scott-Rodino Antitrust Improvement Act of 1976.

That period expired at 11:59 p.m. Tuesday without the Federal Trade Commission acting to stop the purchase.

According to a press release from Hoosier Park, this “clears the path” for Centaur to seek financing.

Late last year, Centaur gained conditional approval from both the Indiana Horse Racing and Gaming Commissions.

In the release, Centaur Holdings, LLC chairman and chief executive officer Rod Ratcliff said, “With all major regulatory requirements satisfied, Centaur is prepared to secure financing and move to complete the purchase of Indiana Grand Casino and Downs in the coming weeks.”

Ratcliff added, “Indiana Grand Casino and Downs is an outstanding entertainment destination, with a superior group of employees, and a supportive community with whom we look forward to working alongside.”

Find Baylee Pulliam on Facebook, on Twitter @BayleeNPulliam or call 648-4250.

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