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Hard Rock completes the purchase of Cincinnati's Jack Casino



Hard Rock International has completed the purchase of Cincinnati's Jack Casino, officials said Friday. Jack Entertainment LLC announced Friday that it has sold its Cincinnati Casino to Hard Rock International and VICI Properties for $ 745 million. Properties acquired the membership of a subsidiary of JACK Cincinnati Casino LLC, which owns the real estate assets of Jack Cincinnati Casino and at the same time signed a favorable net rental fee agreement with Hard Rock International, which will be responsible for the future operations on the property, officials said. News of the deal – subject to approval – originally surfaced in April. Hard Rock officials say they are also working to buy Turfway Park. This sale is expected to be completed in the coming months, unless regulatory approvals are available. It is unclear when the branding changes at Cincinnati Casino and what changes will follow.

According to official information, Hard Rock International has completed the purchase of Cincinnati's Jack Casino.

Jack Entertainment LLC announced Friday that it has sold its $ 745 million Cincinnati Casino to Hard Rock International and VICI Properties.

Under the terms of the agreement, VICI Properties acquired the shares of a subsidiary of JACK Cincinnati Casino LLC, which owns the property and real estate assets of Jack Cincinnati Casino, and at the same time signed a favorable contract for a triple net rental fee responsible for the future operation of the property.

The message from the transaction, pending approval, was originally released in April.

Hard Rock officials also claim to work at the purchase of Turfway Park. This sale is expected to be completed in the coming months, unless regulatory approvals are available.

It is unclear when the branding changes at the Cincinnati Casino and what changes will occur.

During the transition, the property remains open to operation, officials said.


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