US – Horseshoe Baltimore to open with 1,250 less slotsBy Phil - 1 July 2013
To accommodate the approval of table games at Maryland casinos, Caesars Entertainment has decided to slash the number of slot machines at its proposed Horseshoe Casino in Baltimore by 1,250 machines.
The reduction in its proposed slot quota has been approved by a Maryland panel.
Caesars is teaming up with Rock Gaming to build the casino, originally called Harrah’s Baltimore. It had aimed to be the largest city in the state of Maryland in the Mid-Atlantic region of the United States.
Under the amended plan, Caesars aims to open in mid-2014 with 100 table games and 30 poker tables. Its slot total will now be 2,500 instead of the 3,750 that it proposed when the Maryland Video Lottery Facility Location Commission approved a license to operate a casino close to the stadium hosting Baltimore Ravens.
The two-story Horseshoe will still be Caesars’ fifth largest in the US and the fifth to open in Maryland. The proposal is awaiting approval by a separate state panel following changes in the financing set-up of the casino.
Caesars started construction work on the casino late last month. A sixth has been authorized for Prince George’s County.
Gary Loveman, chairman, president and chief executive officer of Caesars Entertainment, said: “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.”
Gaming industry veteran Alex Dixon was recently named as Vice President and Assistant General Manager of the $400m downtown Baltimore property. He joined Caesars Entertainment in May 2008 and served as the director of planning and analysis for such high-profile Las Vegas casinos as Paris, Bally’s and Planet Hollywood.
The management team will be operating in one of the most progressively competitive regions in the United States. Whilst the number of VLTs permitted will make it one of the biggest gaming floors in the region, the South Baltimore site, is close to the recently opened Maryland Live! Casino at Arundel Mills, Hollywood Casino Perryville and several gaming venues in Pennsylvania, Delaware and West Virginia, many of which have the added attraction of table games, something Harrah’s Baltimore won’t be able to offer.
Hollywood Casino at Charles Town is currently the biggest in the region boasting 4,000 slots and 100 table games followed by Maryland Live Casino at Arundel Mills with 4,750 and 155 tables. Further competition will come from Harrah’s Philadelphia in Chester with 2,880 slot machines and 125 tables, Dover Downs in Delaware with 2,490 slot machines and 62 tables game and Hollywood Casino at Penn National Raceway in Grantville, Pennsylvania with 2,477 slot machines and 69 table games. Delaware Park, Harrington Raceway, SugarHouse Casino, Ocean Downs and Valley Forge are all also competing for leisure spend in the market.