Caesars Entertainment Comes to Cleveland
By: Leon Castles
on Monday, May 14, 2012
Cleveland has always been open to many kinds of job sector, but the city does not have casino that can generate more revenue and improve the economy of the city. The Horseshoe Casino in Cleveland has finally opened their business to initiate the casino era that can bring prosperity to the city. Many business owners in Cleveland feel that it is good that finally the casino has arrived in Cleveland. The company has already been through lot of hard financial times and they have $20 million in buyout debt at the moment.
The company owns 20% in the Horseshoe Casino and many believe that Caesars Entertainment will be able to recover the financial debts that they have in the market. The company is also keen to open another casino in Cincinnati in the coming months. However, the company feels that Cleveland will be their best bet because the economy of Cleveland is better and therefore players will come out to place their bets and improve the economy of the casino. Although, Caesars Entertainment is one of the biggest casino operators in the United States their financial position in the market is going to keep them on the toes to ensure they earn from Cleveland.