The company hasn’t commented on the future plans for the Horseshoe Baltimore casino, the second largest in Maryland with a 122,000-square-foot gaming floor. Other members of the ownership include Jack Entertainment CVPR Gaming Holdings, LLC STRON-MD Limited Partnership and PRT TWO, LLC. Results of the property will be consolidated on Caesars’ financial statements, according to a press release. The casino-entertainment giant hasn’t revealed the financial terms of the deal nor named the minority partner from which it acquired the interest. It is expected to see a further recovery in the months ahead, and is a potential beneficiary with the upcoming sports betting launch.Ĭaesars Entertainment has bought a minority interest from an unnamed partner in Maryland's Horseshoe Baltimore, the company announced on Thursday.īy having purchased this minority interest from one of its joint venture partners, as a result of the transaction Caesars now owns 76% of Horseshoe Baltimore. The venue, opened seven years ago, is a $442 million casino with 122,000-square-foot gaming floor. The casino entertainment giant hasn’t revealed the financial terms of the deal announced Thursday.
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