Jack's Casino Limburg

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• The two-story casino is 100,000 square feet (9,300 m 2) and has 2,000 slot machines, 85 table games and a 31-table World Series of Poker room. It is located on a 23-acre (9.3 ha) site on the northeast side of Downtown Cincinnati.
• Jack Cleveland Casino has opened for business. (Karen Farkas, cleveland.com) CLEVELAND, Ohio - Red is the prevailing color in the new Jack Cleveland Casino, which opened around 4:40 p.m.
• Hard Rock International completed its purchase of Jack Cincinnati Casino on Friday, according to a release from Jack Entertainment. The casino was bought for about $745 million.

Hard Rock Casino Cincinnati (formerly Jack Cincinnati Casino and Horseshoe Cincinnati) is a casino in Cincinnati, Ohio, owned by Vici Properties and operated by Hard Rock International. It opened in 2013.

Casino[edit]

The two-story casino is 100,000 square feet (9,300 m²) and has 2,000 slot machines, 85 table games and a 31-table World Series of Poker room.^[1] It is located on a 23-acre (9.3 ha) site on the northeast side of Downtown Cincinnati. Mr. Lucky's, Cincinnati Food Hall, Starbucks, and Prism are located inside the facility.^[2]

Gross casino revenues are taxed at 33 percent, one of the highest rates in the nation for a resort casino with this level of investment. Portions of the tax revenue are designated for public school districts; the four host cities; all 88 state counties; the Ohio State Racing Commission; law enforcement training; and research and treatment of problem gambling and substance abuse.^[3]

History[edit]

Ohio voters approved a state constitutional amendment in November 2009 authorizing one casino in each of the state's four largest cities: Cleveland, Cincinnati, Columbus and Toledo.^[4] It was the fifth statewide vote to legalize gambling in Ohio over 20 years.^[5]

Construction at the site formerly known as Broadway Commons began in February 2011.^[1][6] The Horseshoe Casino opened on March 4, 2013. It was the last of the four voter-approved full-service casinos to open in the state.^[1]

Horseshoe Cincinnati was initially owned and operated by Rock Ohio Caesars, a joint venture between Caesars Entertainment and Dan Gilbert's Rock Gaming. Rock Ohio Caesars also opened Ohio’s first casino, Horseshoe Casino Cleveland, in May 2012.^[7] Rock Ohio Caesars was the first operator to be licensed by the Ohio Casino Control Commission on May 2, 2012.^[8]

The property was rebranded as Jack Cincinnati Casino in June 2016, as part of Rock Gaming's rebrand to Jack Entertainment.^[9]

In 2019, Jack Entertainment sold the property for $745 million to Vici Properties and Hard Rock International, with Vici acquiring the land and buildings for $558 million and Hard Rock buying the operating business for $187 million.^[10][11][12] Hard Rock leased the casino from Vici for $43 million per year, and stated that it would rebrand the property as Hard Rock Casino Cincinnati.^[10][12]

See also[edit]

References[edit]

1. ^ ^abcCoolidge, Alexander. “Cincy casino to open March 4.” Cincinnati.com. Cincinnati Enquirer, 12 Dec. 2012. Web. 12 Dec 2012.
2. ^https://www.jackentertainment.com/cincinnati/restaurants/
3. ^Myers, Amanda. “Cincinnati casino on pace to open in spring”. AP.org. Associated Press, 6 Sep. 2012. Web. 12 Dec 2012.
4. ^Sheeran, Thomas. “Horseshoe Casino, Cleveland Casino, Opens To The Public”. AP.org. Associated Press, 14 May. 2012. Web. 12 Dec 2012.
5. ^Ott, Thomas. 'All Bets Are on.' The Plain Dealer [Cleveland] 15 May 2012: A1+. Print.
6. ^Demeropolis, Tom. “Horseshoe Casino Cincinnati announces opening date” bizjournals.com. Cincinnati Business Courier, 12 Dec. 2012. Web. 12 Dec 2012.
7. ^Stutz, Howard. “Margaritaville Restaurant to open next year at Horseshoe Casino Cincinnati”. lvrj.com. Las Vegas Review Journal, 3 Aug. 2012. Web. 12 Dec 2012.
8. ^Provance, Jim. “Rock Ohio receives license to operate in Cleveland.” Toledoblade.com. The Toledo Blade. 2 May. 2012. Web. 12 Dec 2012.
9. ^'Jack Entertainment rebrands Ohio and Detroit casinos'. Rock Gaming. Retrieved 5 June 2016.
10. ^ ^abTom Demeropolis (September 20, 2019). 'Cincinnati casino sells for $745 million'. Cincinnati Business Courier. Retrieved 2019-09-21.
11. ^'State commission gives go-ahead for new Jack Casino ownership'. Cincinnati CityBeat. August 22, 2019. Retrieved 2019-09-21.
12. ^ ^ab'Vici Properties Inc. completes acquisition of Jack Cincinnati Casino and lease to Hard Rock International' (Press release). Vici Properties. September 20, 2019. Retrieved 2019-09-21 – via BusinessWire.

External links[edit]

Coordinates: 39°06′29″N84°30′23″W / 39.107948°N 84.506493°W

Jack Entertainment LLC (stylized JACK Entertainment and formerly Rock Gaming LLC from 2009 to 2016) is a gaming, hospitality, and entertainment corporation based in Detroit, Michigan. The company owns and operates casinos and hotels in Michigan and Ohio, and owns a stake of properties in Kentucky and Maryland.^[1][7] Jack Entertainment operates as a subsidiary of Rock Ventures LLC.^[1][6][8]

History[edit]

Rock Gaming (2009–2016)[edit]

Jack Entertainment, originally Rock Gaming LLC, was founded in 2009 by seven businessmen led by Dan Gilbert,^[1][9] who serves as chairman of its board.^{[3][5][10][11]} The company formed as the seven men backed the Ohio Casino Approval and Tax Distribution Amendment, which was ultimately approved by voters in November 2009.^[12][13]

In early 2013, the company acquired the Greektown Casino-Hotel in Detroit.^{[7][14][15][16]}

In April 2015, the Ohio Casino Control Commission approved a request by the company to be licensed as a management company.^[4]

Rock Ohio Caesars (2010–2015)[edit]

In December 2010, in partnership with Caesars Entertainment Corporation, the company formed Rock Ohio Caesars LLC to open and operate casinos in Cleveland and Cincinnati.^[2][11] Caesars held a 20% stake in Rock Ohio Caesars^[9] and managed the company's properties.^[3][4][17]

In May 2012, Rock Ohio Caesars opened Ohio's first casino, Horseshoe Casino Cleveland.^[3][11]

In April 2013, Rock Ohio Caesars opened the state's fourth commercial casino, Horseshoe Casino Cincinnati. That same month, the company also began expanding the Cleveland-area thoroughbred horse racing track, ThistleDown, to include a casino, making it a racino.^[7][11]

On August 26, 2014, the Horseshoe Casino Baltimore opened. The casino was developed in partnership by Rock Gaming, Caesars, and local investors.^[3][4]

On February 26, 2015, Rock Gaming acquired Caesars's stake in Rock Ohio Caesars.^[2][3][4] As a result, the company now had complete ownership of the Horseshoe casinos in Cleveland and Cincinnati, ThistleDown, the Ritz-Carlton Cleveland, the Higbee Building, and a controlling interest in Turfway Park.^[3][4][17]

On November 2, 2015, the Rock Gaming announced it would begin assuming management of Horseshoe Casino Cleveland, Horseshoe Casino Cincinnati, and ThistleDown Racino from Caesars Entertainment Corporation, and complete the transition by June 2016.^[4][17]

Jack Entertainment (2016–present)[edit]

On February 23, 2016, the company announced it was changing its name from Rock Gaming to Jack Entertainment. Throughout 2016, the company would also be rebranding its casinos under the Jack name.^{[5][7][15][16][18]} The company stated it planned to spend $40 million on the rebranding.^[15][16][18] It also introduced a new customer loyalty program, ClubJack.^[7][16]

In September 2018, it was reported that Gilbert was looking to sell Jack Entertainment and leave the casino business; Caesars was named as a possible buyer.^[19] Two months later, Jack agreed to sell the Greektown casino to Vici Properties and Penn National Gaming for a total of $1 billion.^[20]

In 2019, Jack Entertainment sold its Cincinnati casino for $745 million to Vici and Hard Rock International.^[21][22] Later that year, Jack sold Turfway Park to Churchill Downs, Inc. for $36 million.^[23] In 2020, the company also sold its Cleveland casino and the Thistledown racino to Vici in a leaseback deal, with Jack receiving $843 million for the real estate and paying $66 million in annual rent.^[24]

Properties[edit]

Jack's Casino Limburg La

Jack's Casino Limburg De

Former properties[edit]

See also[edit]

References[edit]

1. ^ ^abcd'Rock Gaming, LLC: Private Company Information'. Businessweek.com. Businessweek. Retrieved February 26, 2016.
2. ^ ^abc'Rock Ohio Caesars LLC: Private Company Information'. Businessweek.com. Businessweek. Retrieved February 26, 2016.
3. ^ ^abcdefghiFarkas, Karen (February 26, 2015). 'Rock Ohio Ventures buy Caesar's 20 percent interest and now owns Horseshoe Casino Cleveland, ThistleDown and other entities'. cleveland.com. Retrieved February 26, 2016.
4. ^ ^abcdefghijklFarkas, Karen (November 2, 2015). 'Rock Gaming takes over management of Horseshoe Cleveland Casino from Caesar's Entertainment'. cleveland.com. Retrieved February 26, 2016.
5. ^ ^abcd'Greektown Casino to be renamed JACK Detroit Casino-Hotel Greektown'. WXYZ. February 23, 2016. Retrieved February 26, 2016.
6. ^ ^abcBill Shea and Kirk Pinho (February 23, 2016). 'Greektown Casino-Hotel to be renamed Jack Detroit Casino-Hotel Greektown'. Crain's Detroit Business. Retrieved February 26, 2016.
7. ^ ^abcdefghi'JACK Entertainment Rebrands Ohio and Detroit Casinos'(PDF) (Press release). JACK Entertainment. February 23, 2016. Retrieved February 25, 2016.
8. ^ ^abc'Gaming — Rock Ventures'. rockventures.com. Rock Ventures. Retrieved February 26, 2016.
9. ^ ^abDavis, Dave (October 15, 2011). 'Dan Gilbert's Rock Gaming partners bound by friendship, desire to build upscale 'urban' casinos'. The Plain Dealer. Retrieved February 26, 2016.
10. ^'Rock Gaming, LLC: Board of Directors'. Businessweek.com. Businessweek. Retrieved February 26, 2016.
11. ^ ^abcdPetersen, Chris. 'Rock Gaming LLC – Horseshoe Casino Cincinnati'. Leisure and Hospitality International. Retrieved February 26, 2016.
12. ^'State Issue 3: November 3, 2009'. sos.state.oh.us. Ohio Secretary of State's Office. November 2009. Retrieved February 26, 2016.
13. ^Fields, Reginald (April 28, 2009). 'Ohio casino backers hire troubled California firm Arno Political Consultants'. The Plain Dealer. Retrieved February 26, 2016.
14. ^Davis, Dave (January 16, 2013). 'Dan Gilbert to buy Detroit's Greektown Casino, a money-making and revitalization effort'. The Plain Dealer. Retrieved February 26, 2016.
15. ^ ^abcdHaddad, Ken (February 23, 2016). 'Greektown Casino changes name to 'Jack Casino''. WDIV. Retrieved February 26, 2016.
16. ^ ^abcdeMartinez, Michael (23 February 2016). 'Greektown Casino to be renamed 'Jack''. Detroit News. Retrieved February 26, 2016.
17. ^ ^abc'Rock Gaming Raises Its Stakes in Ohio and Begins Transition of Operational Responsibilities of Gaming Properties'(PDF) (Press release). Rock Gaming, LLC. November 2, 2015. Retrieved February 25, 2016.
18. ^ ^abcThibodeau, Ian (February 23, 2016). 'Greektown Casino changing name to 'Jack Detroit Casino-Hotel Greektown''. MLive.com. Retrieved February 26, 2016.
19. ^Palmeri, Christopher (September 5, 2018). 'Billionaire Gilbert is said to be looking to cash out of casinos'. Bloomberg. Retrieved September 5, 2018.
20. ^Walsh, Dustin; Shea, Bill (November 14, 2018). 'Gilbert to sell Greektown Casino-Hotel for $1 billion'. Crain's Detroit Business. Retrieved December 29, 2018.
21. ^Tom Demeropolis (September 20, 2019). 'Cincinnati casino sells for $745 million'. Cincinnati Business Courier. Retrieved 2019-09-21.
22. ^'Vici Properties Inc. completes acquisition of Jack Cincinnati Casino and lease to Hard Rock International' (Press release). Vici Properties. September 20, 2019. Retrieved 2019-09-21 – via BusinessWire.
23. ^Steve Watkins (October 17, 2019). 'Turfway Park renovation plans revealed'. Cincinnati Business Journal. Retrieved 2019-11-02.
24. ^Stutz, Howard (January 25, 2020). 'VICI finalizes purchase of two Cleveland-area casinos; leases properties back to Jack Entertainment'. CDC Gaming Reports. Retrieved September 29, 2020.
25. ^'VICI Properties Inc. Completes Acquisition of Greektown Casino-Hotel and Lease to Penn National Gaming'. investors.viciproperties.com. Retrieved 2019-07-01.
26. ^'Penn National Gaming Completes Acquisition of Greektown Casino-Hotel'. Penn National Gaming. Retrieved 2019-07-01.

Jack's Casino Limburg Maine

External links[edit]

• Official website

Jack's Casino Limburg Facebook