Bristol, Va.<\/a><\/p>\nAnd if the deal to buy the Indiana casino falls through, it could have other repercussions for the tribe and its relationship with Caesars, the company that operates EBCI\u2019s Harrah\u2019s casinos.<\/p>\n
Sneed told the council that Caesars won the right to develop a casino in Danville, Va. As part of getting that license, it included a right-of-first-refusal option for EBCI to negotiate an equity stake in that casino.<\/strong><\/p>\n\u201cIf we tie up this deal and then we let it fall apart, that’s not going to look good when we go to the negotiation table on the Danville project,\u201d Sneed said. \u201cIt’s going to be an issue.\u201d<\/p>\n
Can Caesars Still Operate the Indiana Casino?<\/h2>\n
If EBCI moves forward with the creation of the LLC, former Caesars executive Scott Barber would likely be named as the private entity\u2019s CEO. That\u2019s how a resolution was read at the council meeting Tuesday. Barber has been working with EBCI leaders, helping with due diligence on the Caesars negotiations.<\/p>\n
Barber worked for more than 20 years with the gaming giant, most recently as its regional president for Mid-South and Mid-Atlantic operations.<\/p>\n
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With the close ties between EBCI and Caesars, could the Las Vegas company still operate the Southern Indiana casino under an agreement similar to the one for the North Carolina casinos? Sneed previously declined to answer direct questions about the negotiations.<\/p>\n<\/div>\n
Jenny Reske, IGC deputy director, told Casino.org<\/em> last month that commission staff would be unable to predict how such a hypothetical proposal may be received.<\/p>\n\u201cThe order is for divestiture,\u201d she said. \u201cIf Caesars wishes to present alternate proposals, it would be up to the Commission to accept those or not.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Eastern Band of Cherokee Indians stands at a crossroads, Principal Chief Richard Sneed told the Tribal Council Tuesday. The tribe will stay there for at least a day, if not longer, as leaders weigh whether to sign off on the purchase of Caesars Southern Indiana and enter the commercial gaming business. Council members and […]<\/p>\n","protected":false},"author":45,"featured_media":158664,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32093,18456],"tags":[],"acf":[],"yoast_head":"\n
Deadline Looming for EBCI to Buy Caesars Southern Indiana<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n