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Eastern Band of Cherokee Indians gains $250m Caesars Southern Indiana from CasinoBeats


Caesars Entertainment and real estate investment trust Vici Properties have announced a definitive agreement to sell the operations of Caesars Southern Indiana to the Eastern Band of Cherokee Indians for $250m.

In addition, at the closing of the transaction, EBCI will enter into a new lease with year one annual rent payments of $32.5m with Vici Properties, who maintains ownership of the real estate of the property.

As a result of this transaction, Caesars annual payments to Vici Properties under the regional master lease will decline by $32.5m upon closing.

John Payne, president and COO of Vici Properties, said of the agreement: “This transaction provides additional tenant diversification and continues to build Vici’s embedded growth pipeline while allowing Caesars to further their strategic objectives in Indiana.


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