Rock Gaming is taking over Caesars Entertainment’s three Ohio casino and it will be business as usual.
Starting June 2016, the Detroit-based Rock Gaming LLC will take over Horseshoe Cleveland, Horseshoe Cincinnati and the ThistleDown Racetrack casino. The transition, which includes renaming the casinos and changing the three casinos’ reward programs, is expected to be completed next year.
In February, Caesars sold its 20% stake in the three Ohio casinos to Rock Gaming for an undisclosed price. The transaction also included ownership of the Ritz-Carlton Hotel and the Higbee Building and a controlling interest in Turfway Park.
Rock Gaming CEO Matt Cullen said that the casinos will no longer be part of the Caesars Total Rewards loyalty program and a new loyalty program will be introduced in the coming months.
According to Rock Gaming, little will be changed at the properties, which will continue to operate during the transition to ensure minimal disruption. Current casino employees will also remain in their positions and will eventually become a part of Rock Gaming as the transition progress.
“This is an exciting time for us, and we are eager to take the reins of day-to-day operations. 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,” said Cullen.
Bankruptcy judge approves sale of Harrah’s Tunica
Bankruptcy Judge Benjamin Goldgar of the U.S. Bankruptcy Court in Chicago has approved the sale of Caesars Entertainment Operating Co’s (CEOC) Harrah’s Tunica Hotel & Casino in Mississippi.
The casino will be sold to Florida real estate investment firm TJM Properties Inc for $3 million.
TJM previously acquired CEOC’s closed Atlantic Club Casino Hotel in New Jersey for $13.5m in 2014.