Caesars Entertainment Corp. has relinquished its operation of three Ohio casinos – Horseshoe Cleveland, Horseshoe Cincinnati and the ThistleDown Racetrack casino – to Rock Gaming, a Detroit-based company. The transition includes removing the “Horseshoe” name from the properties and separating the casinos from the Caesars customer loyalty program: “Total Rewards”.
The sale gives Rock Gaming 100-percent of the properties, though Caesars will stay on to operate the gaming aspects. The two companies have been operating together since 2010 and opened their first joint project, Horseshoe Cleveland, in 2012, a year before Horseshoe Cincinnati was unveiled.
“This is an exciting time for us and we are eager to take the reins of day-to-day operations,” Rock Gaming CEO Matt Cullen said in a press release. “We view this as an opportunity to leverage our unique culture and vast network of companies to grow the business and further connect the casinos to the downtown areas where they reside.”
It’s been roughly nine months since Caesars announced the sale, the price of which was undisclosed. Caesars owned 20-percent of the three casinos. The deal also included ownership in Cleveland’s Ritz-Carlton Hotel and Higbee Building, along with a controlling interest in Turfway Park in Florence, Ky.
Earlier this week, Horseshoe Cleveland was the subject of a cheating scandal when Robert Brown, a dealer from the casino, was indicted by a grand jury. The report, first released by Cleveland.com, said Brown was accused of hiding a playing card up his sleeve.
Further details regarding the Ohio properties’ rebranding and new management will be released in the coming months.
(Photo credit: Creative Commons.)
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