2021. 1. 15. 10:42ㆍ카테고리 없음
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Hard Rock International completed its purchase of Jack Cincinnati Casino on Friday, according to a release from Jack Entertainment.
The casino was bought for about $745 million.
The deal was made simultaneously with Hard Rock International's entrance into a triple-net lease agreement with VICI Properties, the release states. VICI Properties acquired the membership interests and real estate of Jack Casino while Hard Rock International will be responsible for the future operations at the property.
'We are pleased to officially welcome Hard Rock International and its world-renowned brand to the Queen City,” Jack Entertainment CEO Mark Dunkeson said in the release. “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.”
An additional sale of Turfway Park to Hard Rock International is expected to close in the coming months, according to the release.
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Employment and culture changes to the casino were not discussed in the release.
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