Jack Cleveland Celebrates 10th Anniversary in Style

Jack Cleveland Casino Logo and Attractions
JACK Cleveland Casino will be 10-years old this coming Saturday May 14th. In celebration of its first decade of operations, the company will be giving out $140,000 worth of raffle prizes to lucky guests. JACK also plans to recognize 244 employees who have been with the company since its launch ten years ago.

Said Matt Cullen, Chairman of the Board of JACK Entertainment:

“We knew from the start that a casino would bring a missing element and energy to Northeast Ohio, which is why we worked so hard to make it a reality. The region has welcomed us warmly from day one, and we’re proud to have become such an integral part of the community.”

JACK’s $1,000 Giveaways

JACK Cleveland will be celebrating its 10th anniversary in style as the casino will give away a total of $140,000 to lucky guests. This will happen in the form of raffle draws of $1,000 every 10 minutes from 5 p.m. to 9 p.m. and a $10,000 draw at 10 p.m during every Saturday in the month of May. Guests can earn entries from 5 a.m. of May 1 to 9:55 p.m. of May 28th.

ClubJACK members will also get bonus entries every week when they swipe. Infinity members will get 50,000 entries while K Members and C members get 35,000 and 25,000 extra entries, respectively. On the other hand, A members and J members will earn bonus entries of 10,000 and 5,000, respectively.

Over $700 Million in Gaming Taxes Paid

As one of the top entertainment venues throughout the city of Cleveland, JACK Casino has attracted more than 21 million guests since it first opened its doors 10 years ago at Cleveland’s Public Square. But more than a source of entertainment, it has also been a bug source of revenue for the city’s projects.

According to a press release from JACK, the company has paid more than $700 million in gaming taxes since its opening on May 14, 2012. JACK has also donated more than $17 million to local organizations, including University hospitals, American Cancer Society, Downtown Cleveland Alliance, and the Greater Cleveland Food Bank.

Dan Gilbert Sells JACK Entertainment To Management Team

Ohio State Seal With a Jack Casino Background
Cleveland Cavaliers team owner Dan Gilbert is no longer in the Ohio casino industry.

According to a report from the Cleveland Jewish News, Gilbert sold the Ohio casino company to its management team last month.

Per JACK Board Chairman Matthew Cullen:

“As of December 2020, JACK Entertainment’s ownership has changed and no longer has any affiliation with Dan Gilbert’s family of companies. The JACK management team, who have been with the company since its inception, remains in place and now owns the controlling interest of the company.”

The Only Ohio-Based Gaming Operator in the State

Cullen did not disclose the financial terms of the deal but he revealed via email to CJN that JACK Entertainment has transferred its office from Detroit to Cleveland, making it the only Ohio-based gaming operator among the 11 gaming properties in the state.

In his statement, Cullen also added that he will continue to serve as the Chairman of the Board while Mark Dunkeson will retain his position as Chief Executive Officer. Cullen has spent over 10 years working in real estate, gaming, and other initiatives for Dan Gilbert’s family of companies.

Meanwhile, Dunkeson began working with JACK in 2013 and was named as President and COO of Bedrock Detroit LLC in 2019. Previously, Dunkeson was senior vice president of operations for the luxury brand division of Red Rock Resorts in Nevada. He has a 30-year experience in commercial gaming, resort and hospitality development.

Lease-Back Agreement With VICI Properties

JACK Entertainment operates JACK Cleveland Casino downtown and JACK Thistledown Racino in North Randall via lease-back with VICI Properties who purchased the two properties for $843M in 2019.

These two Ohio casinos combine for $400-500M in annual revenues. According to its website, JACK has a team of 1,400 members with 16 bars and casinos, and 150,000 square feet of gaming space.

JACK Cleveland was the first casino to open in Ohio in May 12. It was then called the Horseshoe Casino Cleveland owned by a partnership of Caesars Entertainment and Gilbert’s companies. The following year, JACK opened Thistledown as the second Ohio casino.