Downtown Cincinnati's JACK Casino is getting a new owner. The company has agreed to sell the property to Hard Rock International and VICI Properties, which is also purchasing Turfway Park in Florence, Kentucky.
Pending regulatory approval, JACK and Turfway will be sold for $780 million and fall under the Hard Rock International brand.
“We viewed the gaming industry as a catalyst for economic development in our local communities. After 10 years, hundreds of millions of dollars of investment developing JACK Cincinnati Casino from the ground up, and establishing a strong customer focused culture, we have successfully positioned JACK Cincinnati Casino for further future success,” said Matt Cullen, CEO of JACK Entertainment, in a release. “We are confident that Hard Rock and its world-renowned brand will be a great addition to the Queen City and the right choice to take JACK Cincinnati Casino and Turfway Park to the next level of growth."
The sale should be finalized sometime in late 2019. The casino and park will remain open during the transition.
JACK, based in Detroit, says it will retain its casinos and gaming properties in other cities, like Cleveland and Baltimore.
Get more info about the casino at facebook.com/JackCincyCasino.