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February 03, 2011
Rock Ohio Caesars LLC (ROC) today announced their decision to move forward
with plans for a Phase I gaming development in the heart of downtown Cleveland.
Dan Gilbert, Rock Gaming CEO, and Gary Loveman, chairman, CEO and President of
Caesars Entertainment Corporation, shared the news with media, top City, County
and State officials, and community and business leaders. After comprehensive
design and investment analysis, Horseshoe Casino Cleveland is expected to be the
first casino in Ohio, with a grand opening expected in early 2012. Cleveland's
new casino will be located in the Historic Higbee Building on Public Square near
the city's entertainment district. Construction bid packages will be issued over
the next several weeks, and work will begin soon after.
"I am bullish on Cleveland's future," said Gilbert, who also is majority owner
of the city's NBA franchise, the Cleveland Cavaliers, and founder of Quicken
Loans Inc., which operates one of its lending centers in downtown Cleveland with
300 full-time employees. "This tremendous opportunity for economic development
grew out of our passion to help revitalize this great city. We are confident
that the economic activity our project will generate will make a strong impact
on Cleveland, the region and the entire state of Ohio."
"With the announcement that Horseshoe Casino Cleveland will be the first casino
to open in Ohio, Cleveland is well on its way to becoming a 24-hour city," said
Cleveland Mayor Frank G. Jackson. "By locating in the Historic Higbee Building
at Public Square, we will be attracting visitors to the heart of downtown
Cleveland and putting thousands of people to work. I want to thank Rock Ohio
Caesars for their commitment to this casino and their investment in Cleveland."
After successfully leading the November 2009 constitutional amendment approving
full-service gaming in the state's four largest cities, Rock Gaming selected the
world's preeminent gaming company, Caesars Entertainment, as its partner. The
resulting joint venture, Rock Ohio Caesars, will develop and operate casinos in
the downtowns of both Cleveland and Cincinnati. Caesars will manage day-to-day
operations at both casinos.
"Horseshoe Cleveland represents an important opportunity for Caesars
Entertainment. More importantly, this development, combined with the other
exciting revitalization efforts downtown, will bring needed jobs and
entrepreneurial business opportunities for Ohioans," said Loveman. "Horseshoe
Cleveland will also generate new tourism for Ohio by adding an additional
attraction to the city's entertainment offerings."
Return to Ohio Casinos.
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