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Caesars completes sale of Louisiana Downs

| By Richard Mulligan
Caesars Entertainment has completed the protracted sale of the Harrah’s Louisiana Downs racetrack and casino just hours after it became the first commercial casino to accept legal bets in the state.

Caesars and Vici Properties, a real estate investment trust spun off from Caesars in 2017, will receive a combined $22.0m from new owners Rubico Acquisition Corporation following the completion of the sale of Harrah’s Louisiana Downs Casino, Racing & Entertainment.

Rubico will operate the racetrack and the 12,000-square-foot casino in Bossier City and is in the process of applying for a sports betting license. The state has a 1 January 2022 deadline for applications.

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