Maryland Grants Caesars With Gaming License
Caesars Entertainment Corporation, the world’s largest land-based casino operator, has been granted with a CBAC Gaming LLC license by the Maryland Video Lottery Facility Location Commission. This allows Caesars to operate a video lottery terminal in Baltimore.
Caesars established their CBAC Gaming along with Rock Gaming LLC, which operates casinos in the Midwest. This joint venture between Rock Gaming and Caesars is now planning to invest $300 million or so to develop their Maryland facility, the Harrah’s Baltimore.
This property will offer 3,750 lottery terminals as well as food and beverage amenities that will include a fine dining steakhouse and some casual dining restaurants, which have been Caesars’ signature through the years. Construction is expected to begin on the second quarter of 2013 and is expected to open the year after.
President and CEO of Caesars Entertainment Gary Loveman said that they were delighted to have received their license to operate the property in Baltomore and that they looked forward to creating a ‘unique entertainment experience facility in Baltimore’ to attract customers from all over the country.
Developing the Harrah’s Baltimore is one of the plans of Caesars to build casinos in urban areas like Maryland. They integrate the casinos into the surrounding communities and support it through the jobs that they create. Maryland’s General Assembly will be holding a special session next week that will discuss approval of table games. If they get the approval for table games, this will add to what Caesars will be offering to the customers in the facility.
Rock Gaming Ohio and Caesars also forged another alliance earlier this year and opened the first casino the Ohio, Horseshoe Cleveland. They will follow this up with the opening of Horseshoe Cincinnati early next year. Caesars Entertainment is also waiting for permission to develop another Caesars-branded property this time in East Boston, where they will be partnering with Suffolk Downs.