SHELBYVILLE, IN—NOVEMBER 16, 2017—Bloomberg News reported earlier ths week that Caesars Entertainment Corp. is near the end of negotiations to buy Indiana Grand Casino and Hoosier Park in a deal that could top $1 billion.

Indiana Grand Racetrack and Casino in Shelbyville just concluded a 120 day meet for Thoroughbred and Quarter Horses offering more than $4 million in purses.

Hoosier Park, located in Anderson, features harness racing.

Centaur Gaming operates Indiana Grand and Hoosier Park. Their combined casino operations were responsible in $480 million worth of revenue in the last year—without table games, which could be added soon.

Caesars, recovering from bankruptcy filed three years ago, operates a pair of riverboat casinos in Indiana. Indiana state law prohibits a company from owning more than two casinos in the state but that rule doesn’t apply to those based at a racetrack.

Any deal will need approval from the Indiana Gaming Commission.