Cincinnati casino sells for $780M

Ohio

CINCINNATI (AP) – Hard Rock International has reached a deal with Jack Entertainment to buy a Cincinnati casino and a horse track in Kentucky.

The $780 million deal announced Friday will give Hard Rock and VICI Properties control of Jack Cincinnati Casino and Turfway Park in Florence, Kentucky.

Hard Rock will oversee operations at both sites.

Businessman and Cleveland Cavaliers owner Dan Gilbert owns Detroit-based Jack Entertainment.

Jack Entertainment says the deal won’t affect its Cleveland casino or Jack Thistledown Racino in northeast Ohio.

The deal will need approval from state and federal regulators and is expected to be completed by the end of the year.

Jack Casino in downtown Cincinnati brings in nearly $200 million a year in gambling revenue.

Grab the FREE WDTN News App for iPhone or Android. Stay up to date with all the local news, weather and sports as well as live newscasts and events as they happen.

news-app-download-apple-350x50
news-app-download-android-350x50

Like us on Facebook and follow us on Twitter for all the latest news, weather and sports.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

9-4 donate dayton strong

Latest Video on WDTN.com

Only on WDTN.com | Phil Wiedenheft

More Phil Wiedenheft

Interactive Radar

More As Seen on 2 NEWS