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TheStreet Open House

Horseshoe Casino Baltimore Opens Tonight

Stocks in this article: CACQ CZR

BALTIMORE, Aug. 26, 2014 /PRNewswire/ -- Horseshoe Casino Baltimore officially welcomes its first guests tonight when the casino opens its doors to the public at 9 p.m. The dynamic gaming entertainment complex pairs the best of Las Vegas-style gaming with unique amenities and local influences to create a casino experience that is unique to Charm City.

HORSESHOE CASINO BALTIMORE OPENS TONIGHT

Controlled by Caesars Growth Partners, LLC, a joint venture between  Caesars Acquisition Company (NASDAQ: CACQ), and  Caesars Entertainment Corporation (NASDAQ: CZR), Horseshoe Casino Baltimore is designed to extend the city's tourism district south from the famed Inner Harbor and neighboring sports venues M&T Bank Stadium and Oriole Park at Camden Yards. The casino development is fully integrated within the surrounding area and will maximize connectivity with existing hospitality operators as well as other cultural and nightlife attractions. The casino site was selected by the State and the City to foster economic growth and create new jobs while expanding Baltimore's diverse entertainment offerings.

Horseshoe Casino Baltimore will benefit from the wealth of experience in gaming, entertainment and urban renewal brought by Caesars Entertainment, the manager of the property, as well as Rock Gaming LLC, a major partner in the project. Specializing in the creation of city-integrated casino developments, this project marks the fourth venture between the partners following the openings of Horseshoe Casino Cleveland (2012), Horseshoe Casino Cincinnati (2013) and ThistleDown Racino (2013).

"Horseshoe Casino Baltimore is well-positioned to serve the approximately one million members of our Total Rewards loyalty program who live in the Baltimore-Washington metropolitan area and introduce the Horseshoe brand to new guests," said Gary Loveman, chairman, chief executive officer and president of Caesars Entertainment. 

"We are proud to open a gaming-entertainment resort that embodies the city-integrated concept, which complements features of the surrounding area and other local businesses and attractions to create an experience that is unique to this location," Loveman said. "The Total Rewards network and World Series of Poker position Horseshoe Casino Baltimore to serve as the region's premier gaming destination and a catalyst for economic development. We are confident our guests will respond just as enthusiastically to this offering as we are to bring them the experience."

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