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September 14, 1994 | From Times Staff and Wire Reports
Caesars to Bid for Indiana Casino: Caesars World Inc. of Los Angeles said it will team with privately held Riverboat Development Inc. in a bid to develop a casino on the Ohio River in Harrison County, Ind. If the bid is successful, Caesars said, it will own 10% of the riverboat gambling hall and will manage the facility, while Riverboat Development will hold a 50% ownership stake, with the rest held by other investors. No other gaming companies have bid for the new project, Caesars said.
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BUSINESS
September 14, 1994 | From Times Staff and Wire Reports
Caesars to Bid for Indiana Casino: Caesars World Inc. of Los Angeles said it will team with privately held Riverboat Development Inc. in a bid to develop a casino on the Ohio River in Harrison County, Ind. If the bid is successful, Caesars said, it will own 10% of the riverboat gambling hall and will manage the facility, while Riverboat Development will hold a 50% ownership stake, with the rest held by other investors. No other gaming companies have bid for the new project, Caesars said.
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