Caesars Entertainment Corp. has announced that they would be upgrading their Behemoth casino in Indiana. The company is planning to launch sports betting operations at the venue.
Indiana lawmakers recently approved a bill which calls for legalizing sports betting in the state. As such, Caesars is already eyeing the potential sports betting market in Indiana.
Earlier in May, Indiana governor Eric Holcomb signed the most significant gambling bill in the state since 1993. The new gambling expansion bill allowed for sports betting in the state.
Signing the bill into law, Gov. Holcomb had said: “By modernizing our laws, this legislation will spur positive economic growth for our state and for an industry that employs over 11,000 Hoosiers. Additionally, it will bring in the new revenue and create hundreds of new jobs—both permanent and in construction.”
The new gambling law would take effect from September 1. However, experts say that it would not be until the end of this year that sports betting operation would be launched in Indiana.
Earlier this week Caesars entered into a merger deal with Eldorado Resorts. Eldorado resorts purchased Caesars Entertainment Corp. in a cash and stock deal of $17.3 billion.
Now the new gambling entity is the biggest in the US.