Gambling in the USA

Caesar Entertainment’s to invest in its Horseshoe Casino in Baltimore, Maryland

Published

7 years ago

March 27, 2018

Niji Narayan

Horseshoe Casino Baltimore, competitor of Maryland Live, to open this August. Photo credits: https://www.google.co.in

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Owing to very low performances Caesars Entertainment plans to invest in its Horseshoe Casino in Baltimore, Maryland in order to enhance the economic condition. The Horseshoe Casino Baltimore is facing a severe financial crisis, with the latest reports showing a huge decrease in revenues. According to the local newspapers, last month, the casino’s revenue dipped by 2.7 percent to a US$21.4 million.

As reported by an official statement: Caesar Entertainment’s plan is to buy a nearby land to “establish a sports and entertainment district that connects the casino through the football stadium and baseball park to the Inner Harbor.” The new project is scheduled to start its operations by 2019 when the company expects to install a “transformation of the gritty industrial area of warehouses and parking lots into a more inviting entertainment district.”

“Acquisitions include an old warehouse on Warner Street between Horseshoe and M&T Bank Stadium for US$4.8 million and an office building across the street for US$3.2 million. The partnership also has options on two city-owned parking lots on Ostend and Warner streets,” revealed the company to the Baltimore Sun.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.