With a presence in more than 75 countries, Hard Rock International is expanding its global gaming portfolio by announcing a joint purchase with VICI Properties Inc. to acquire Jack Cincinnati Casino. The joint purchase will allow Hard Rock to rebrand Hard Rock Casino Cincinnati by acquiring the casino's operating assets, while VICI will own land and real estate assets.

"Hard Rock has been the largest operator in Ohio since it opened in the Cleveland market in 2013," said Jim Allen, president and CEO of Hard Rock International. "And now, we look forward to introducing our unique brand of casino entertainment to Cincinnati. On behalf of our 40,000 Hard Rock team members around the world, I'm excited to welcome over 1,000 Jack Cincinnati employees into the Hard Rock family."

JACK Cincinnati is located on 22 acres in the Broadway Commons area of downtown Cincinnati. The property features 100,000 square feet of gaming space, approximately 1,800 gaming machines, and 100 table games. In addition, the property features 33,000 square feet of conference space, six high-end restaurants, and two bars. New real estate improvements will be announced by Hard Rock later this year.

John Payne, President and Chief Operating Officer of VICI Properties, said, "We are proud to partner with Hard Rock by further diversifying our roster with a renowned global platform of 245 hospitality venues in 75 countries and an international leader in gaming, entertainment and hospitality experiences." 카지노사이트

The transaction is subject to regulatory approval and customary closing conditions, and is expected to close at the end of 2019, with further acquisitions expected upon closing.

Jones Day served as a special gaming adviser as a legal adviser to Hard Rock with Fox Rothschild LLP.