According to a publication by Jack Entertainment, Hard Rock International completed the purchase of the Jack Cincinnati Casino on Friday.
The casino was bought for about $ 745 million.
The deal coincided with the conclusion of a hard-net lease between Hard Rock International and VICI Properties, the press release said. VICI Properties acquired the membership and real estate from Jack Casino, while Hard Rock International will be responsible for the future operation of the property.
“We are pleased to officially welcome Hard Rock International and its world-renowned brand to Queen City,” said Mark Dunkeson, CEO of Jack Entertainment, in the press release. Basically, we are confident that the property’s success will continue into the future as well Hard Rock International takes them to the next level of growth. “
Another sale of Turfway Park to Hard Rock International is expected to close in the coming months, according to the release.
Employment and culture changes in the casino were not discussed in the press release.
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