Posted on Posted in JACK Cleveland Casino, JACK Entertainment, JACK Says, JACK Thistledown Racino, News

JACK Entertainment announced today Kathryn M. Hall, CPD has joined the company as vice president of diversity and inclusion, pending regulatory approvals. In her new role, Hall will lead the development and implementation of diversity, equity, and inclusion strategy for the Cleveland-based gaming company.

JACK Entertainment Enters Into Sale Leaseback Agreement With Vici Properties For Real Estate Assets Of JACK Cleveland Casino and JACK Thistledown Racino

Posted on Posted in JACK Entertainment, JACK Says, News

● VICI Properties to purchase JACK subsidiary and enter into leaseback agreement with JACK Entertainment.   ● JACK Entertainment will continue operating the properties and remains committed to investing in JACK Cleveland Casino and JACK Thistledown Racino.   JACK Entertainment LLC (“JACK Entertainment”) today announced that certain of its affiliates have entered into an agreement with VICI Properties (“VICI”), a real estate investment trust, to sell the membership interests of a subsidiary that owns the land and real estate assets of JACK Cleveland Casino and JACK Thistledown Racino for approximately $843 million, pending regulatory approval. VICI will simultaneously enter into a favorable triple-net leased fee agreement with JACK Entertainment who will continue to invest in and operate JACK Cleveland Casino and JACK Thistledown Racino under the same brand and identity the community has known since 2016.   JACK Entertainment has invested more than $700 million into JACK Cleveland Casino and JACK Thistledown Racino since the properties opened in 2012. The company will continue to make further investments to enhance the overall guest experience, which will be announced in more detail at a later date. Going forward, Dan Gilbert, Matt Cullen, Chairman JACK Entertainment, and Mark Dunkeson, Chief Executive Officer JACK […]