Casino operator Centaur Gaming considers sale
Casino operators have been consolidating in recent years, partly in response to a decline in revenue as gamblers age. Scale gives them more resources to invest in their facilities and become more appealing to a younger demographic.
According to a report published by Reuters, Centaur is working with investment bank Deutsche Bank AG on the sale process, the sources said this week, asking not to be named because the discussions are private. However, there is no certainty that the process will lead to a deal.
Centaur Gaming was founded in 1993 and operates two properties in Indiana, Hoosier Park Racing & Casino and Indiana Grand Racing & Casino, which it considers "central Indiana’s premier entertainment destinations."
It also operates offtrack betting properties that allow gamers to bet on horse races taking place throughout the world.
Centaur acquired the Indiana Grand Racing & Casino in 2013 with the help of Canadian private equity firm Clairvest Group Inc.
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