Casino giant Caesars Entertainment says it is buying casino and gaming company Centaur Holdings, acquiring new properties in Indiana.
Las Vegas-based Caesars said Thursday it's paying $1.7 billion in cash for Centaur.
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With the acquisition, Caesars will add two Indiana properties: Hoosier Park Racing and Casino in Anderson and the Indiana Grand Racing and Casino in Shelbyville. The properties offer slots and electronic table games, along with live and simulcast horse racing.
Caesars called central Indiana an attractive region for investment because of its solid economy and because it's not saturated with casinos.
Centaur, based in Indianapolis, serves more than 6.5 million guests each year across its properties.
Caesars operates 47 casinos in 13 U.S. states and five countries. Its operating unit emerged last month from more than two years of bankruptcy.