Ohio's First Casino Raises $570M For Refi, Real Estate

Law360, New York (May 2, 2013, 6:07 PM EDT) -- Rock Gaming and private equity-backed Caesars Entertainment Corp. said Wednesday they had raised $570 million to refinance an existing bank loan and buy the Cleveland building that houses their new casino, the first in Ohio.

Donald Colvin, chief financial officer of Caesars, said the two companies' joint venture had raised the funds to refinance a $460 million loan and cover the $79 million real estate acquisition. The group had previously announced plans to buy the building from its landlord, though the deal still requires approval from...
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