$400M Horseshoe Casino Opens in Downtown Cincinnati
By Adrian Maties, Associate Editor
Ohio’s fourth and final full-service casino, the Horseshoe Casino Cincinnati, finally opened on Monday evening, March 4. More than 5,000 people witnessed the spectacular fireworks display. Among them were Gary Loveman, chairman, president & CEO of Caesars Entertainment Corp.; Dan Gilbert, chairman of Rock Gaming; Kevin Kline, senior vice president & general manager of Horseshoe Cincinnati; Cincinnati Mayor Mark Mallory; Celebrity Chef Bobby Flay; Grammy-award winning artist Michael Bolton; and others.
Rock Ohio Caesars L.L.C., a joint venture between Rock Gaming L.L.C. and Caesars Entertainment Corp., started work on the $400 million casino project on Feb. 4, 2011. The 354,000-square-foot complex is located on a 23-acre site, a former surface parking lot, in downtown Cincinnati. It houses approximately 2,000 slot machines, 87 table games, a 31-table World Series of Poker® room, high-limit gaming rooms, an Asian gaming room that pays homage to Cincinnati’s sister city Liuzhou, China, and a VIP players lounge. Horseshoe Cincinnati is also home to Jack Binion’s Steak, Bobby’s Burger Palace, Jimmy Buffett’s Margaritaville, The Spread buffet, The Rock Bar & Lounge, grab-and-go food and beverage options, a 24-hour Starbucks, a gift shop and 33,000 square feet of meeting space.
The project created more than 2,000 construction jobs, and 1,700 people are now employed at the new casino, 93 percent of them from the greater Cincinnati area. Horseshoe Cincinnati is projected to create $100 million annually in gaming tax revenue and attract six million visitors to downtown Cincinnati each year.
“Horseshoe Cincinnati represents the urban casino concept we have developed and has been quite successful for us in Cleveland, where we opened a little less than a year ago,” said Loveman. “To date, that property has attracted more than four million visitors and has injected millions of dollars into the local economy. We expect no less from Horseshoe Cincinnati.”
Caesars and Rock Gaming are also developing a Horseshoe casino in Maryland. Called Horseshoe Baltimore, the $350 million casino is expected to open in 2014.
Photo credits: www.horseshoe.comTags: Development, Economy