JACK Cincinnati to be Sold
Hard Rock International and VICI Properties have agreed to purchase the JACK Cincinnati casino and Turfway Park for $780 million. Hard Rock, which will run operations at both establishments, will buy JACK Cincinnati. VICI Properties will buy Turfway Park, which is located in Florence, KY. VICI will enter into a leased fee agreement with Hard Rock. The deal is expected to close in late 2019.
JACK Cincinnati had a record year in 2018 with revenue of $203.5 million, but still lagged behind Hollywood Columbus ($226.4 million) and JACK Cleveland ($204.8 million). The other JACK Entertainment properties, JACK Cleveland casino and JACK Thistledown racino, are not affected by this deal.