A major overhaul of Shelbyville’s Indiana Grand Racing and Casino will get underway next week.
Work at the Caesars site represents an immense step in the right direction for one of Indiana’s most popular casinos, part of an industry that just months ago faced serious uncertainties due to COVID-19.
Expansion to bring WSOP room, 100 jobs
Caesars is reinvesting $32.5 million into Indiana Grand. The reinvestment will expand the casino’s north end by roughly 25,000 square feet.
The expansion includes 100 new slot machines and 25 additional table games. It also will bring design and architectural updates to the casino.
Perhaps most notable, however, are plans for a 5,000-square foot WSOP (World Series of Poker) Poker Room.
The media release states 20 tables and “a premium experience with ways to qualify for WSOP land-based tournaments including the Main Event in Las Vegas,” are coming to the room.
The property will also boast a 20-set video-poker bar with 65-inch overhead screens and new surface parking for casino guests.
The project will create roughly 100 new jobs for Shelbyville residents.
Latest available data shows Shelby County’s unemployment rate in January was 3.9%, so this will be a welcome change.
Indiana Grand Casino upgrades to be available by January
Caesars plans to begin construction on April 1. The company hopes to finish the project by the end of the year.
“This investment at Indiana Grand is a testament to our continued commitment to Indiana,” said Anthony Carano, president and chief operating officer of Caesars Entertainment.
“We are dedicated to enhancing and upgrading our operations at all of our locations, and we’re excited to start on several new phases of renovation and expansion in Shelbyville.”
Mike Rich, the casino’s senior vice president and general manager, said the casino has “looked forward to expanding our gaming operations” since tables games arrived at Indiana Grand in early 2020.
The Indiana Gaming Commission and other local entities have to approve the project. Once that happens, Caesars should announce more details.
Project to bring increased tax revenue; it will not impact Anderson
Unsurprisingly, Caesars officials have promoted the “millions to local and state gaming tax revenues” the project will create.
It will undoubtedly create a bevy of additional earning opportunities, especially the WSOP room and additional slots and table games.
Indiana Grand is already one of the highest-earning casinos in the state.
Figures released by the IGC show that last month Indiana Grand generated $5.26 million in total taxes, the third-highest amount behind Ameristar Casino ($5.52 million) and Horseshoe Hammond ($9.46 million).
The casino earned $19.77 million in adjusted gross revenue on its 61 table games, and generated $1.29 million in handle at its on-site Winner’s Circle Sportsbook.
The project, meanwhile, is not expected to impact a similar, planned initiative at Harrah’s Hoosier Park Racing and Casino in Anderson.
Hoosier Park Senior Vice President and General Manager Trent McIntosh told CNHI News that Caesars is still committed to a multimillion-dollar renovation at the Anderson site.
Like at Indiana Grand, an Anderson expansion will include additional room for new table games and “advancements in our racing capabilities,” said McIntosh.
Caesars has not yet provided a timeline for the Harrah’s project.