In the most recent story to break out of the United States, Jack Cincinnati Casino has been purchased by Hard Rock International. This deal, which went through Jack Entertainment, who sold the property, will be looking at an additional $745m from Hard Rock. Let’s take a look.
This is the second good bit of business from Jack Entertainment, who earlier this month signed a deal to operate in Ohio using Kambi’s sportsbook. You can find the whole story at the latest online gambling news, where we deliver all the hottest gambling-related stories out there.
Jack Cincinnati Casino Sold to Hard Rock
As the deal goes through, it has been made known that both Hard Rock International and Vici Properties have made the latest purchase jointly. Hard Rock will take care of all the operations at the gambling facility, whilst VICI will have the ownership of the real estate and property.
Here’s a few words from Jack Entertainment CEO, Mark Dunkeson:
“We are pleased to officially welcome Hard Rock International and its world-renowned brand to the Queen City,”
“After 10 years and hundreds of millions of dollars of investment developing JACK Cincinnati Casino from the ground up, we are confident that the property’s success will continue into the future as Hard Rock International takes it to the next level of growth.”
The deal was initially made between the two earlier this year in April, however, it has taken until now for the announcement to have been made.
The gambling facility has 100,000 square feet of gaming space, with an additional 1,800 gaming machines and 100 table games. This makes Jack Cincinnati Casino a famous downtown casino and worth every dollar for Hard Rock.
What’s more, the property also features 33,000 square feet meeting space and has six top quality luxury restaurants and two bars.