Caesars, Rock Gaming Granted License to Build and Operate $300M Baltimore Casino
- Aug 13, 2012
Caesars Entertainment Corporation has announced that CBAC Gaming, LLC, the investment group led by Caesars and Rock Gaming, has received a license from the State of Maryland Video Lottery Facility Location Commission to operate a video lottery terminal (VLT) facility in downtown Baltimore. CBAC Gaming plans to build Harrah’s Baltimore, a $310 million casino, the second largest in Maryland.
“We are pleased to have been awarded the license to operate a VLT facility in Baltimore, and look forward to building a unique entertainment experience that will attract customers from across the country,” said Gary Loveman, chairman, president and chief executive officer of Caesars Entertainment.
Harrah’s Baltimore will be located at the corner of Warner Street and Worchester Street, in South Baltimore, near the M&T Bank Stadium. It will stand two stories high and have 3,750 slot machines. With 110,000 square feet of gaming space, the casino will also include a 125-seat steakhouse, a 400-seat buffet, a 5,700 square foot Baltimore-themed sports bar and restaurant, 1,200 square feet of retail, seven food and beverage outlets and a 2,500 square foot food court, as well as a 4,000-car garage.
“The development of Harrah’s Baltimore is part of our plan to develop casinos in urban areas that integrate into and support the surrounding communities. If table games are approved by Maryland’s General Assembly in a special session next week, it will add to the customer experiences the property will provide,” Loveman added. Caesars also owns the popular World Series of Poker franchise.
According to Caesars, the casino will generate 1,225 jobs when up and operating. Over 1,000 construction jobs will also be created. The development is expected to bring in tens of millions of dollars in revenue for the city and state and also change the surrounding area. Caesars is still in the process of obtaining permits. They plan to begin construction in the second quarter of 2013 and open the casino in the second quarter of 2014.
Caesars and Rock Gaming successfully opened a Horseshoe Casino in Cleveland earlier this year. They are also building another Horseshoe Casino in Cincinnati. It is expected to open in spring 2013.
Rendering courtesy of Caesars Entertainment.