But it never got close to the $300 million goal it established prior to opening. Horseshoe quickly became the market leader in Cincinnati, with $217 million in first-year revenue after opening in March 2013. Gilbert’s Ohio casino properties are phasing out a management agreement with Horseshoe parent, Caesar’s Entertainment, after buying out out the Las Vegas company’s 20 percent ownership stake in Cincinnati and Cleveland.Ī crowded Cincinnati casino market has made life rough for casino operators in recent years. So will the ThistleDown racino near Cleveland. All three will be rebranded as Jack casinos by the end of this year.

So, we’re going to keep our eyes open and make investments where it makes sense to achieve those goals.”Ĭullen runs the former Rock Gaming companies owned by Quicken Loans founder Dan Gilbert, including Horseshoe casinos in Cincinnati and Cleveland and the Greek Town Casino-Hotel in Detroit. “We want to continue to grow and provide opportunities for our team members and guests. “We don’t go into these businesses to stand pat or be caretakers,” said Matt Cullen, CEO of Jack Entertainment LLC in Detroit. They’re also more open to building an on-site hotel.

Operators will invest in new slot-machine products and may expand the number of restaurants in the facility. CINCINNATI - It won’t be just the name that changes when Horseshoe Casino Cincinnati becomes Jack Cincinnati Casino in June.

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