Hard Rock Casino Cincinnati

Hard Rock Casino Cincinnati
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
OwnerVici Properties
Operating license holderHard Rock International
Websitehardrockcasinocincinnati.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.

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

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

References

  1. ^ a b c 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. ^ a b 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. ^ a b "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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