Jack Cleveland Casino

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Jack Cleveland Casino
Jack Cleveland Casino Logo.jpg
WS 08 (30126052053).jpg
Address 100 Public Square
Cleveland, Ohio
44113
Opening dateMay 14, 2012
Total gaming space100,000 sq ft (9,300 m2)
Casino typeLand-based
Owner Vici Properties
Operating license holder Jack Entertainment
Coordinates 41°29′55″N81°41′36″W / 41.498658°N 81.693295°W / 41.498658; -81.693295
Website jackentertainment.com/cleveland

Jack Cleveland Casino (formerly Horseshoe Cleveland) is a casino in the downtown core of Cleveland, Ohio, United States, owned by Vici Properties and operated by Jack Entertainment.

Contents

Casino

Jack Cleveland Casino is located in the former Higbee Building at Tower City Center in downtown Cleveland. [1] It has 100,000 sq ft (9,300 m2) of gaming space. The casino has 1,609 slot machines, 119 table games, 28 poker tables, and 35 electronic table games. The casino is accessible from Public Square, but is also accessible from the Terminal Tower and the Tower City Center shopping mall. The casino has teamed with the Renaissance, the Ritz-Carlton, and the Marriott at Key Center to offer rooms to its guests, and Rock Ohio Caesars purchased the Ritz-Carlton from Forest City Enterprises. [2] The casino is open 24 hours a day and is completely smoke-free, compliant with Ohio law. Since the casino has limited dining options, it has partnered with nearly a dozen downtown Cleveland restaurants.

History

Ohio voters approved (53%) a state constitutional amendment in November 2009 authorizing casinos in the state’s four largest cities: Cleveland, Cincinnati, Columbus and Toledo. [3] It was the fifth statewide vote to legalize gambling in Ohio over 20 years. [4]

Horseshoe Cleveland opened on May 14, 2012, as the first casino in the state of Ohio. [5] It was developed by Rock Ohio Caesars, a joint venture between Caesars Entertainment and Dan Gilbert's Rock Gaming, and managed is by Caesars.

Hollywood Casino Toledo, developed and operated by Penn National Gaming, opened on May 29, followed by Hollywood Columbus, which opened on October 8, 2012. [6] Rock Ohio Caesars also developed Horseshoe Casino Cincinnati, which opened on March 4, 2013. [7]

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. [8] The bipartisan Ohio Casino Control Commission was created in 2011 to develop rules for casino gaming in Ohio, to license operators and to regulate and ensure the integrity of operations. It is also funded by casino tax revenue. [9]

Rock Gaming acquired Caesars Entertainment's 20% stake in Rock Ohio Caesars in February 2015, [10] and later in the year announced that it would assume management of the properties, including Horseshoe Cleveland. [11] Rock Gaming announced in February 2016 that the company and its casinos would rebrand under the Jack name. [12] The casino closed for 40 hours in May 2016 to undergo its transition to the Jack name and management. [13] [14]

In 2020, Jack Entertainment sold the casino's real estate to Vici Properties and leased it back. [15]

See also

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References

  1. ↑ Cain, Brenda (July 13, 2015). "Tower City falters after big name beginning (vintage photos)". The Plain Dealer . Cleveland. Retrieved May 11, 2016.
  2. ↑ Jarboe McFee, Michelle (December 9, 2011). "Rock Ohio Caesars to buy Ritz-Carlton in downtown Cleveland, acquires 250 Huron offices". The Plain Dealer. Cleveland. Retrieved October 16, 2012.
  3. ↑ "Voters in struggling Ohio approve 4 urban casinos". The Oakland Press . Troy, Mich. Associated Press. November 3, 2009. Retrieved March 7, 2022.
  4. ↑ Ott, Thomas. "All Bets Are on." The Plain Dealer. Cleveland. Retrieved 15 May 2012.
  5. ↑ Ott, Thomas (May 14, 2012). "Ohio begins casino gambling era in Cleveland". The Plain Dealer. Cleveland. Retrieved October 16, 2012.
  6. ↑ "Columbus casino, Ohio's 3rd, to open by October". Yahoo! News . Associated Press. July 18, 2012. Retrieved March 7, 2022.
  7. ↑ Levingston, Chelsey (December 12, 2012). "Cincinnati casino has opening date". Dayton Daily News . Retrieved March 7, 2022.
  8. ↑ "Casino Gross Revenue Tax" (PDF). Ohio Department of Taxation. 2010. Retrieved March 7, 2022.
  9. ↑ Bell, Jeff (December 12, 2012). "Casino commission's hiring spree to begin". Columbus Business First . Retrieved March 7, 2022.
  10. ↑ Farkas, Karen (February 26, 2015). "Rock Ohio Ventures buy Caesar's 20 percent interest and now owns Horseshoe Casino Cleveland, ThistleDown and other entities". The Plain Dealer. Cleveland. Retrieved May 4, 2016.
  11. ↑ Farkas, Karen (November 2, 2015). "Rock Gaming takes over management of Horseshoe Cleveland Casino from Caesar's Entertainment". Cleveland.com . Cleveland: Advance Publications . Retrieved May 4, 2016.
  12. ↑ Martinez, Michael (February 23, 2016). "Greektown Casino to be renamed 'Jack'". The Detroit News . Retrieved May 4, 2016.
  13. ↑ Farkas, Karen (May 2, 2016). "Horseshoe Casino Cleveland closing May 10 for 40 hours to become Jack Casino". The Plain Dealer. Cleveland. Retrieved May 4, 2016.
  14. ↑ Farkas, Karen (May 11, 2016). "Jack Cleveland Casino opens for business after transformation from Horseshoe". The Plain Dealer. Cleveland. Retrieved May 12, 2016.
  15. ↑ 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.
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