Rock Gaming/Caesars Joint Venture
Rock Ohio Caesars LLC (ROC) is a joint venture comprised of Midwest-based Rock Gaming LLC, and the world's most geographically diversified casino entertainment company, Caesars Entertainment Corporation. ROC will develop urban casinos in downtown Cleveland and downtown Cincinnati; Caesars Entertainment will manage the casinos.
ROC is developing Horseshoe Cincinnati, which is expected to open in spring 2013. Projected to attract nearly 6 million annual visits to the downtown, Horseshoe Cincinnati will be another high-profile addition to the city's impressive sports, entertainment, music and cultural destinations. The estimated $400 million new development will create nearly 1,700 casino jobs.
ROC also developed Horseshoe Casino Cleveland which opened on May 14, 2012 and has created 1,600 casino jobs in Northeast Ohio.
About Caesars Entertainment Corporation
Caesars Entertainment is the world's most diversified casino-entertainment company. Since its beginning in Reno, Nevada, 75 years ago, Caesars has grown through development of new resorts, expansions, and acquisitions, and now operates casinos on four continents. The company's resorts operate primarily under the Caesars®, Harrah's®, and Horseshoe® brand names. Caesars also owns the World Series of Poker® and the London Clubs International family of casinos. Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence, and technology leadership. Caesars Entertainment is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment. For more information, please visit www.caesars.com.
About Rock Gaming
Rock Gaming LLC is a Midwest-based gaming partnership formed with an initial focus to develop full-service casinos in two of Ohio's largest cities, as well as to explore other potential gaming opportunities. Rock Gaming has partnered with Caesars Entertainment, the world's most geographically diversified gaming company, to develop and operate Horseshoe Casino Cleveland, which opened in May 2012, and Horseshoe Casino Cincinnati, which will open in spring 2013*. As truly urban casinos, the combined $1 billion private developments will generate 11 million visits to the downtown areas, while engaging pedestrians and supporting existing cultural, nightlife and sports attractions in both cities.
Rock Gaming and Caesars are equity partners in Turfway Park, a premier thoroughbred horseracing track located in northern Kentucky. The companies also co-own Cleveland-area thoroughbred racetrack Thistledown, which will open as a racino in spring 2013.
Rock Gaming and Caesars are also developing a full-service casino in downtown Baltimore with joint venture partners CVPR Gaming Holdings, LLC, STRON-MD Limited Partnership and PRT TWO, LLC. The multi-million dollar facility is being designed to foster economic growth and create new jobs while expanding Baltimore's diverse entertainment offerings. Ground-breaking on Horseshoe Baltimore is expected to take place in early 2013 with an opening in mid-2014.
Dan Gilbert, chairman of Rock Gaming, is also chairman and founder of Quicken Loans, Inc., the country's largest online retail mortgage lender. He is also the majority owner of the NBA's Cleveland Cavaliers and the American Hockey League's Lake Erie Monsters; both teams play at the Quicken Loans Arena in downtown Cleveland.
*Pending licensure by the OCCC
For more information, please visit www.Rock-Gaming.com
Learn more about the Quicken Loans Family of Companies here.