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.
For more information or to book a stay at any of the Hard Rock Hotels & Casinos, please visit hardrockhotels.com.
About Hard Rock®
With venues in 75 countries spanning 259 locations that include owned/licensed or managed Hotels, Casinos, Rock Shops® and Cafes – Hard Rock International (HRI) is one of the most globally recognized companies. Beginning with an Eric Clapton guitar, Hard Rock owns the world’s most valuable collection of music memorabilia at more than 83,000 pieces, which are displayed at its locations around the globe. In 2018, Hard Rock International was recognized as a Forbes Magazine Top Employer for Women and Land Operator of the Year at the Global Gaming Awards. In 2019, Hard Rock International was honored as one of Forbes Magazine’s America’s Best Large Employers, Forbes Magazine’s Top Employers for Women and No. 1 in J.D. Power’s 2019 North America Hotel Guest Satisfaction Study among Upper Upscale Hotel Chains. Hard Rock destinations are located in the world’s greatest international gateway cities, including its two most successful flagship properties in Florida and home to the world’s first Guitar Hotel® in South Florida, where its headquarters are located. The brand is owned by HRI parent entity The Seminole Tribe of Florida. For more information on Hard Rock International visit www.hardrock.com or shop.hardrock.com.
About VICI Properties
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties’ national, geographically diverse portfolio consists of 22 gaming facilities comprising over 39 million square feet and features approximately 14,800 hotel rooms and more than 150 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment Corporation and Penn National Gaming. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties’ strategy is to create the nation’s highest quality and most productive experiential real estate portfolio. For additional information, please visit www.viciproperties.com.
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SOURCE Hard Rock