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May. 31, 2013

Ground Broken on $400 Million Horseshoe Casino Baltimore

By Adrian Maties, Associate Editor

Ground was broken on Wednesday, May 29, on Maryland’s newest casino—the Horseshoe Baltimore. At the groundbreaking ceremony held by CBAC Gaming LLC—the consortium developing the casino, Caesars Entertainment Chairman, President and CEO Gary Loveman joined Baltimore Mayor Stephanie Rawlings–Blake in throwing a pair of oversized red dice on a ceremonial craps table to mark the official start of construction on the $400 million facility.

The new Horseshoe Casino Baltimore will be located along Russell Street near the M&T Bank Stadium. It will be a two-story, 335,000-square-foot facility with a 122,000 square-foot gaming floor featuring video lottery terminals (VLTs), blackjack, craps and poker. With an outward-facing urban casino design, Horseshoe Baltimore will also include three premier restaurants, several bars and a multi-purpose entertainment space.

Mayor Stephanie Rawlings-Blake said it was an exciting day for both the city and state, and that a world-class casino was the only thing still missing in Baltimore.

“The Horseshoe Casino Baltimore will create thousands of new jobs, assist with city property tax relief, and help build new schools and recreation centers. The project is a great addition to our local tourism and hospitality economy and will help spur additional investment in the Russell Street gateway into Downtown Baltimore,” she added in a statement for the press.

The project will create 2,000 construction jobs and 1,700 permanent casino jobs. Horseshoe Casino Baltimore is expected to open in the third quarter of 2014.

In the past 12 months, Horseshoe Casinos have also opened in Cleveland and Cincinnati. Horseshoe Casino Baltimore is the fifth casino in Maryland and also the second largest in the state. Two weeks ago, the Rocky Gap Casino Resort opened in Western Maryland, and more are still to come as the state is experiencing a casino construction boom.

Penn National is in competition with MGM Resorts International to bring a casino to National Harbor and, on May 10, Maryland Casino LLC—a subsidiary of Greenwood Racing Inc.—submitted an application with the State of Maryland Video Lottery Facility Location Commission to develop an $800 million world-class hotel, gaming and entertainment venue in Fort Washington, Prince George’s County.

Photos courtesy of Sandy Hillman Communications