HomePublicationsNewsletter ArchiveNewslettersVolume 21Issue 7Rock Gaming Acquires Increased Stake in Ohio Properties

On Thursday, February 26, 2015, an Ohio-based subsidiary of Rock Gaming, LLC (“Rock”) became sole owner of its Ohio properties, located in Cleveland and Cincinnati, after it acquired a 20% interest held by Caesars Entertainment Corporation (“Caesars”). Rock also owns and operates Greektown Casino in Detroit.

While the specific details of the deal have not been disclosed, it has been reported that Caesars will remain the operator for the two properties and that the Caesars patron rewards program will remain in place. Although Caesars is currently in bankruptcy proceedings, the two Ohio properties are not included in the litigation. 

Rock, chaired by Quicken Loans founder Dan Gilbert, also has ownership interests in casino properties or horse tracks in Ohio, Baltimore, and Kentucky.

 

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