Wednesday’s business headlines
INDIANAPOLIS (WISH) – Jane King is in with the latest business headlines.
Indiana Grand
Caesars Entertainment announced it has completed the acquisition of Centaur Holdings for $1.7 billon in cash.
The transaction adds Hoosier Park Racing and Casino in Anderson, Indiana and Indiana Grand Racing and Casio in Shelbyville, Indiana to the Caesars Entertainment portfolio.
Centaur guests will now be able to join Caesars Entertainment’s total rewards loyalty program.
Walmart
Walmart has announced plans to reduce its workforce at the Walmart Optical Lab in Crawfordsville.
The company did not provide a reason for the reduction, but said 108 employees will out of work by the end of September.
The workers will be able to apply for open positions at other stores.
Congress is pressuring social media companies to ban more accounts.
A bipartisan group of lawmakers asked tech executives to make it clearer when they would ban accounts of repeat offenders.
Google, Facebook and others have been accused of banning or suppressing political posts and pages that are conservative.
Cord cutting
Cord cutting is growing by leaps and bounds.
More than five million Americans will stop their pay TV subscriptions this year, costing the industry billions.
New York consulting firm CG42 says Netflix and Amazon Prime are expected to get many of the cord cutters.