VEGAS CREST CASINO
Officials from the City of Cincinnati, Hamilton County and
the State of Ohio, along with local business and civic leaders, today celebrated
the ground breaking for Horseshoe Casino Cincinnati. Rock Gaming LLC CEO, Dan
Gilbert, Caesars Entertainment Corporation Chairman, CEO and President, Gary
Loveman, and Mayor Mark Mallory presented an exciting vision for the estimated
$400 million development to be built on the Broadway Commons site in northeast
"Since Day 1 Cincinnati has embraced the opportunity for jobs, economic development and increased tourism that a first-class casino brings," said Gilbert. "With the strong support of this very active, urban-focused community, our team has been working for more than a year to ensure that our project does not prosper alone but also benefits the surrounding neighborhoods and region. The outward facing design and pedestrian accessibility will rejuvenate this part of town, while putting thousands of people into good-paying jobs."
After successfully leading the November 2009 constitutional referendum approving full-service gaming in the state's four largest cities, Rock Gaming selected the world's largest gaming entertainment company, Caesars Entertainment, as its partner. The resulting joint venture partner, Rock Ohio Caesars, will develop and operate casinos in the downtowns of both Cincinnati and Cleveland. Caesars will manage day-to-day operations at both casinos.
"The new casino is another component in Downtown Cincinnati's growth," Mayor Mark Mallory said. "It will bring thousands of new employment opportunities and tens of thousands of new visitors to Cincinnati. The Casino, the Banks nearing completion and the continued new redevelopment of Over-the-Rhine shows the strength of Cincinnati's economy even in tough times."
"Today's announcement is an important first step toward bringing renewed economic development and new jobs to the Cincinnati area," said U.S. Senator Sherrod Brown. "I applaud the casino developers for working closely with the community on their plans at every step of the process, and I encourage the company to continue utilizing all the resources that southwest Ohio has to offer as they move forward on this important project."
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