Hard Rock International has completed the purchase of Cincinnati’s Jack Casino, officials said Friday. Jack Entertainment LLC announced on Friday that it had sold its Cincinnati Casino to Hard Rock International and VICI Properties for $ 745 million in membership interests in a subsidiary of JACK Cincinnati Casino LLC, which owns and simultaneously owns the land and real estate assets of Jack Cincinnati Casino signed a cheap triple net lease with Hard Rock International, which will be responsible for the company’s future operations in real estate, officials said. News of the deal – pending approval – originally surfaced in April. Officials with Hard Rock say they are also working to buy Turfway Park. This sale is expected to be completed in the coming months pending regulatory approval. It is unclear when the branding will change at Cincinnati Casino and what changes will be made. During the transition, the property will remain open for business as usual, officials said.
CINCINNATI –
Hard Rock International has completed the purchase of Cincinnati’s Jack Casino, officials said Friday.
Jack Entertainment LLC announced on Friday that it had sold its Cincinnati Casino to Hard Rock International and VICI Properties for $ 745 million.
As part of the agreements, VICI Properties acquired the membership of a subsidiary of JACK Cincinnati Casino LLC which owns the real estate and real estate of Jack Cincinnati Casino, while also entering into a favorable lease with Triple Rock with Hard Rock International, which is open to future operations will be responsible for the property, officials said.
News of the deal – pending approval – originally surfaced in April.
Officials with Hard Rock say they are also working to buy Turfway Park. This sale is expected to be completed in the coming months, subject to regulatory approval.
It is unclear when the branding will change at Cincinnati Casino and what changes will come.
During the transition, the property will remain open for normal business operations, officials said.
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