Jack Entertainment LLC has entered into multiple contracts to sell Jack Cincinnati Casino and Turfway Park to Hard Rock International and Vici Properties for $780 million, pending regulatory approval.
“We viewed the gaming industry as a catalyst for economic development in our local communities,” said Matt Cullen, Chief Executive Officer of Jack Entertainment. “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. 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 transaction, which is expected to be finalized sometime in late 2019, requires regulatory approval, both at the federal and state levels.
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