US casino giant Caesars Entertainment has been given the go-ahead to develop a major new VLT facility in Baltimore, Maryland.
The State of Maryland Video Lottery Facility Location Commission has granted a licence to operate the property to CBAC Gaming, an investment group led by Caesars and its partner Rock Gaming.
The group plans to invest over $300m to develop Harrah’s Baltimore, featuring 3,750 VLTs and a host of other entertainment facilities. Construction is expected to being in the second quarter of next year, with the property scheduled to open a year later.
“We are pleased to have been awarded the license to operate a VLT facility in Baltimore and look forward to building a unique entertainment experience that will attract customers from across the country," said Gary Loveman, chairman, president and CEO of Caesars Entertainment. "The development of Harrah's Baltimore is part of our plan to develop casinos in urban areas that integrate into and support the surrounding communities.
“If table games are approved by Maryland 's General Assembly in a special session next week, it will add to the customer experiences the property will provide."
Earlier this year, Rock Ohio Gaming, an alliance between Caesars and Rock Gaming, opened Horseshoe Cleveland, the first casino in Ohio. In the first half of 2013, the group plans to open Horseshoe Cincinnati. Caesars is also seeking a license to develop a Caesars-branded property in East Boston with its partner, Suffolk Downs.
