Horseshoe Baltimore Casino ground floor review

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Posted: Sep 30, 2021, 8:57 a.m.

Last updated on: September 30, 2021, 9:07 a.m.

Horseshoe Baltimore needs a ringtone, and owner Caesars Entertainment is betting big he’s found one in Maryland’s recent sportsbook legalization.

Horseshoe Baltimore Caesars Entertainment Maryland
A Baltimore Ravens hatchback in November 2019 takes place outside the Horseshoe Baltimore Casino. The Caesars Entertainment property is in the process of renovating its entrance floor to include a sportsbook and a new brewery. (Picture: Mix 106.5)

The casino, located in south Baltimore, announced yesterday that its first floor is undergoing a major renovation that will result in a whole new experience. Caesars said the ground floor will be transformed into an “immersive entertainment environment” including a bookie, a new restaurant and sports bar, table games and slots.

The Caesars Sportsbooks under construction will be the focal point of the new casino entrance. The sports betting space will be adjacent to the Brew Brothers restaurant and brewery, which will feature beers from four local Maryland breweries.

No sports betting is complete without great food and drink, ”said Randy Conroy, senior vice president and general manager of Horseshoe Baltimore. “As sports betting is approved in Maryland, the addition of The Brew Brothers Sports Bar and Restaurant will make the Horseshoe the best place in the area for patrons to catch their favorite games.”

Maryland legalized sports betting through a successful referendum passed by voters in the November 2020 election. Subsequent law allowing such gambling was signed by Gov. Larry Hogan (R) in May. The Maryland Lottery Commission is currently reviewing applications from many entities seeking sports betting rights.

Casino corridor

Horseshoe Baltimore has disappointed its owners and investors almost since opening in August 2014. The ramshackle area between Baltimore’s two professional sports venues – Oriole Park in Camden Yards and the Ravens’ M&T Bank Stadium – has led sports fans to choose to do not make the short trip to Caesars Casino located between Russell Street and Warner Street.

Caesars announced last month that it had acquired a stake from one of the property’s minority investors for an undisclosed amount. The press release was not detailed, as it didn’t even identify which minority partner was coming out.

Either way, Caesars now owns a 76 percent stake in Horseshoe Baltimore. And the Las Vegas-based casino company continues to show its optimism by reversing the fortunes of its Maryland casino.

In addition to renovating the first floor of Horseshoe Baltimore, Caesars has spent heavily in recent months buying vacant horrors between the stadiums and the casino. The aim is to create a more attractive pedestrian strip for the casino which is nicknamed the Warner Street District.

Caesars is behind many projects in the four-block area, including an outdoor installation of Topgolf, a 4,000-seat concert hall called The Paramount, retail stores, a transit hub and an outdoor waiting area.

Revenue rebound

While 2021 is a much better operating climate for most casinos compared to pandemic-stricken 2020, Horseshoe Baltimore reported a decline in gross gaming revenue (GGR) in each of the first six months of the year. ‘year. However, operations improved for Horseshoe Baltimore in July and August.

Gaming room Caesars reported a GGR of $ 19.34 million in July, up 22.4% from July 2020. The July 2021 win also nearly matched the $ 19.38 million win. of the pre-pandemic GGR of July 2019.

August ended in a winning streak, as Horseshoe Baltimore took home $ 18 million, an increase of 7.2% from August 2020.


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