casino chips cash in horseshoe baltimore

The venue opened seven years ago, on August 26, 2014, with a $442 million price and is located along Russell Street on Baltimore’s south side.Īfter months of year-over-year gross gaming revenue declines, Horseshoe was able to reverse the situation in July this year, reporting gaming revenue of $19.34 million, 22.4% up from July 2020, and similar to $19.38 million won on July 2019.Īs pent-up demand returns to Maryland, Horseshoe could see a further recovery in the months ahead, and is a potential beneficiary with the legalization of sports betting, with a strategic location near M&T Bank Stadium, where Orioles and Ravens play home games.

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.

Casino chips cash in horseshoe baltimore