The Eastern Band of Cherokee Indians (EBCI) formally purchased Caesars Southern Indiana (CSI) Casino on Sept. 3, 2021, and according to tribal officials it is already outperforming projections.
Cory Blankenship, EBCI secretary of treasury, offered a breakdown of where the property is now and what it means for the Tribe after one year. The final purchase price for CSI was $280 million. This secured the entire ownership of the business. That means management is under the purview of the Tribe, but the Caesars brand is still attached to the business. Secretary Blankenship said that initial estimates were that CSI would bring $1.9 million in revenue directly back to the EBCI after year one.
