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Economy and Business


Cleveland casino takes a look at its first six months
Horseshoe says it will go ahead with phase two as well
by WKSU's M.L. SCHULTZE


Web Editor
M.L. Schultze
 
In The Region:

Cleveland' Horseshoe Casino opened six months ago today and has had some 2.6 million visitors. WKSU' M.L. Schultze has more on how it' been performing.

 

SCHULTZE: Horseshoe's progress six months out

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Revenue from the Horseshoe Casino Cleveland has fallen for four straight months. But it still grossed nearly $21 million in October, according to the Ohio Casino Control Commission.

And Rock Ohio Caesars says its construction contracts for the Cleveland downtown casino and a sister casino being built in Cincinnati have totaled nearly $253 million.

Nearly 40 percent of that has gone to minority and women-owned businesses. And spokeswoman Jennifer Kulczycki says that’s nearly double the goal.

“Rock Ohio Ceasars casinos both in Cleveland and Cincinnati are in urban cores, and we think to play that concept out should be done from soup to nuts, from the time that you break ground to employing team members to work at those casinos.”

The current casino in the converted Higbee building off Cleveland’s Public Square is to be a first phase, with the second built along the Cuyahoga River.  Kulczycki says that’s till the plan.

“We are fully committed to a Phase 2 casino in Cleveland. We purchased the land in late 2010 for about $85 million. That’s a significant investment and we certainly are still on a path to develop that site.”

But Kulczycki has no time line for that development.

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