Purchases JACK Cincinnati Casino with VICI Properties Inc.
Along with VICI Properties Inc. (VICI), Hard Rock International is expanding its global gaming portfolio, announcing the completion of the JACK Cincinnati Casino transaction. Through the joint purchase, Hard Rock has acquired the operating assets of the casino, while VICI owns the land and real estate assets.
“We look forward to offering our world-class experience to guests in the region, building upon our success in the greater Cleveland area,” said Jim Allen, chairman and CEO of Hard Rock International. “On behalf of more than 45,000 employees worldwide, we welcome over 1,000 former JACK employees into our Hard Rock family.”
While the casino will continue to operate under the current branding, Hard Rock Casino Cincinnati will rebrand and open in spring 2020. The property is situated on 22 acres in the Broadway Commons area of downtown Cincinnati and features 100,000 square feet of gaming space with approximately 1,800 gaming machines and 100 table games. Additionally, the property contains 33,000 square feet of meeting space, six high-quality restaurants and two bars. New property improvements will be announced by Hard Rock at a later date.
“We are proud to partner with Hard Rock, further diversifying our tenant roster with an international leader in gaming, entertainment and hospitality experiences and a renowned global platform of 259 hospitality venues across 75 countries,” said John Payne, president and chief operating officer of VICI Properties.