The Horseshoe Casino Cincinnati and Horseshoe Casino Cleveland in Ohio will be getting a different name, and will be operated by Rock Gaming. Rock Gaming is owned by Cleveland Cavaliers owner Dan Gilbert, who is also chairman and founder of Quicken Loans and owns the Lake Erie Monsters of the American Hockey League.
During the next six months, Caesars will strip its branding from the casinos as well as its ThistleDown Racino in North Randall. None of the casinos will close during the transition. Caesars is selling its 20 percent ownership in these properties.
They will begin to switch over operations to the Detroit-based Rock Gaming. The changeover should be completed by mid-2016. It is unknown at this time what their new names will be.
In the spring, the Ohio Casino Control Commission approved Rock Gaming LLC to be licensed as a new gaming management company.
Much of this has been in the works for several months. In January, Caesars filed for Chapter 11 bankruptcy. The Ohio properties were excluded from this filing. In February, Caesars revealed that it would be selling the 20 percent interest it owns in all of its Ohio casinos, including Horseshoe Casino Cleveland, ThistleDown Racino, Horseshoe Casino Cincinnati, the Ritz-Carlton Cleveland, the Higbee Building, and a controlling interest in Turfway Park in Florence, Kentucky. Rock Gaming also owns the Greektown Casino in Detroit.
Rock Ohio Caesars was a partnership formed in 2010 by Rock Gaming and Caesars to build and run casinos. Horseshoe Casino Cleveland opened in May 2012 and the Horseshoe Casino Cincinnati first opened its doors in March 2013. Rock Gaming and Caesars will remain partners in the Horseshoe Casino Baltimore, which opened last year.