Rock Ohio Ventures redeemed a 20 percent minority interest held by one of Caesars subsidiaries and now owns 100 percent of Horseshoe Cleveland, Horseshoe Cincinnati, and Thistledown racino. According to Rock Ohio’s CEO, nothing changes for customers. Caesars will still manage the facilities. The properties will still be part of Caesars Total Rewards program and it will be business as usual.
Caesars Entertainment Operating Company filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code last month. The Ohio properties were not part of the filing.