Next year ground breaking will mark the start of construction for Cleveland’s
next casino. But before any further plans can be made, an agreement with
Harrah’s Entertainment Inc needs to be made. Rock Gaming needs to make an
agreement for a developer and operator with the entertainment company.
A joint venture was proposed between the two companies last August to build
casinos in both Cincinnati and in Cleveland. Harrah’s will serve as the cities
casino managers. They also will be making a minority investment for the
projects. Rock Gaming will have the majority of the ownership.
$600 million is the estimated total that will be invested by both groups into
the Cleveland casino. It will be located in the city’s downtown entertainment
district on the bank of the Cuyahoga River. 8 million visitors are expected to
visit the casino and the downtown area annually. 8,000 new jobs will be created.
In November of 2009, voters in Ohio approved 4 state wide casinos.
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