Who Owns Harrah’s Casino in Cherokee NC?

In March of 2020, the Eastern Band of Cherokee Indians (EBCI) announced a $631 million purchase of Harrah’s Cherokee Casino Resort from Caesars Entertainment. The deal, which is still pending regulatory approval, would give the tribe full ownership of the property and make it the first Native American tribe in the U.

S. to own and operate a major casino resort.

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The EBCI has been operating Harrah’s Cherokee Casino Resort since it opened in 1997. Under the current agreement, the tribe owns the land and buildings, while Caesars Entertainment operates the casino and hotel.

PRO TIP:Harrah’s Casino in Cherokee, NC is owned by the Eastern Band of Cherokee Indians. The casino is managed and operated by Caesars Entertainment Corporation.

The new deal would give the tribe full control over both the property and its operations.

The EBCI plans to use the revenue from the casino to fund a number of initiatives, including healthcare, education, and economic development. It also plans to use some of the money to pay down its debt.

The tribe has not yet announced when it expects the deal to be completed, but it is already making plans for how to best use the new revenue stream. With full ownership of Harrah’s Cherokee Casino Resort, the EBCI will be able to shape its own future and provide for its people in a way that it hasn’t been able to before.