Hard Rock Casino Cincinnati

Last updated
Hard Rock Casino Cincinnati
Hard Rock Casino Cincinnati Logo.png
Location Cincinnati, Ohio
Address 1000 Broadway Street
Opening dateMarch 4, 2013
Total gaming space100,000 sq ft (9,300 m2)
Notable restaurants
  • Council Oak Steakhouse
  • Hard Rock Cafe
  • Bricked Oven Pizza
Casino typeLand-based
Owner Vici Properties
Operating license holder Hard Rock International
Website hardrockcasinocincinnati.com

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.

Contents

Casino

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. Brick'd Pizza, Hard Rock Cafe, Council Oak Steaks & Seafood, and Constant Grind 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

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]

Jack Cincinnati Casino in 2017 JACKCincinnatiCasio 2017.jpg
Jack Cincinnati Casino in 2017

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

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References

  1. 1 2 3 Coolidge, Alexander. “Cincy casino to open March 4.” Cincinnati.com. Cincinnati Enquirer, 12 Dec. 2012. Web. 12 Dec 2012.
  2. ↑ "Restaurants - JACK Cincinnati Casino". Archived from the original on 2016-12-25. Retrieved 2016-12-25.
  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. 23 February 2016. Retrieved 5 June 2016.
  10. 1 2 Tom 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. 1 2 "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.

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