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A lot of that has to do with the interest of Wall Street to invest in real estate right now. Rich Exner , data analysis editor for cleveland. Find data-related stories at cleveland. Mark Dunkeson, chief executive officer of JACK Entertainment, in a statement, said: "The combined efforts of our gaming properties together with the other Cleveland assets operated by our sister companies including the Cavs, Avenue Shops at Tower City and the May Company Building, have created a strong connection to the city and allows us to remain heavily committed to the Cleveland area. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. We will continue to invest significant capital into these properties which will have a lasting positive impact on the city and Cuyahoga County.

Rich Exner, cleveland. Follow casino coverage at cleveland. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local.

By Rich Exner, cleveland.

The same partnership opened the Cincinnati Horseshoe Casino a year later in March In addition to expansion under multiple pending deals, VICI now owns 24 gaming properties operated under different brands:. Ad Choices. All rights reserved About Us. It initially operated under the Horseshoe name. VICI now owns 24 properties operating under various names across the country, with several other acquisitions pending. The same type of real estate investment trust deal took place last year at Northfield Park, located between Cleveland and Akron. Community Rules apply to all content you upload or otherwise submit to this site. Real estate trusts are buying casinos and racinos, and then leasing the operations to others to run the businesses. Follow on Twitter RichExner. Its holdings include the famous Caesars Palace in Las Vegas.