Jacobs Entertainment
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Website | jacobsentertainmentinc |
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Jacobs Entertainment, Inc. is a Gaming, Hospitality, and Entertainment company based in Golden, Colorado.[1]
History
The company was formed by
In 1996, the company made a $9 million investment in the Boardwalk Casino on the Las Vegas Strip.[7]
The Lodge Casino, the company's $73-million joint venture with Black Hawk Gaming, opened in 1998, with Jacobs owning a 25 percent share.[8]
In 2002, Jacobs and his father, former
The company applied for a license to operate a casino in Orange County, Indiana in 2003, but withdrew its bid in the face of stiff competition.[10][11] It also made plans to develop a casino in D'Iberville, Mississippi, but pulled out of the project in 2004.[12]
Jacobs held discussions about buying New York racetrack
In 2006, Jacobs spent over $2 million in support of an Ohio ballot measure that would have authorized the company to open a casino at the
In later years, Jacobs' expanded Cleveland properties would be collectively renamed as the Nautica Waterfront District.Jacobs purchased the
In 2008 and 2009, the company bought out the shares of Richard E. Jacobs, leaving his son as the sole owner.[19]
The company acquired the Nautica Entertainment Complex from Jeffrey Jacobs in phases between 2008 and 2012.[20][21][22] It then purchased the Greater Cleveland Aquarium, located in the complex, in 2014.[23]
Jacobs offered itself for sale to
Since 2008, Jacobs has pursued plans to develop a casino in Diamondhead, Mississippi.[28] The state gaming commission rejected the proposal in March 2017, but the company filed an appeal.[29]
Jacobs purchased the
In April 2018, Jacobs sold Colonial Downs, which had been closed since 2014. The track was sold to Revolutionary Racing, a Chicago-based group of investors and gaming executives, for a price of more than $20 million.[35]
Properties
Louisiana
- Cash Magic Truck Plaza & Casino – 23 truck stop casinos located throughout the state.
Black Hawk, Colorado
- The Gilpin Casino
- The Lodge Casino
Nevada
- Gold Dust West Casinos
- J Resort – Reno (formerly Sands Regency Casino Hotel)
- Reno's Neon Line District – Reno
- The Glow Plaza – Reno
Cleveland, Ohio
Nautica Waterfront District - West Bank of The Flats[36]
- Greater Cleveland Aquarium
- Jacobs Pavilion
- Windows on the River (banquet hall)
- Shooters Waterfront Cafe
- Improv Comedy Theater & Restaurant
- M/V Lady Caroline (dining cruise boat based/docked at Nautica)[37]
- Nautica Tennis Courts[38]
Former
- Colonial Downs – New Kent County, Virginia (sold in 2018)
- Lolly the Trolley – Cleveland, Ohio(closed in 2022)
- M/V Nautica Queen – (dining cruise boat replaced by Lady Caroline in 2023)
References
- ^ "Contact Us". Jacobs Entertainment. Retrieved September 5, 2017.
- ^ a b Diane Solov; Bill Sloat (February 26, 1995). "Ohio developers line up for shot at casinos". The Plain Dealer. Cleveland, OH – via NewsBank.
- ^ Executive Team - Jacobs Entertainment Inc.com
- ^ Lynn Bronikowski (January 4, 1995). "Black Hawk project to double in size". Rocky Mountain News. Denver, CO – via NewsBank.
- ^ "Investor buys half of track". Daily Press. Newport News, VA. Associated Press. November 7, 1995 – via NewsBank.
- ^ John Markon (August 17, 1995). "Live racing pledged for '96". Richmond Times-Dispatch – via NewsBank.
- ^ Donald Sabath (July 17, 1996). "Jeffrey Jacobs buys stake in Nevada casino". The Plain Dealer. Cleveland, OH – via NewsBank.
- ^ Bill Lubinger (August 30, 1998). "Casino operator is good bet". The Plain Dealer. Cleveland, OH – via NewsBank.
- ^ a b Form 10-K: Annual Report (Report). Jacobs Entertainment. March 31, 2003. pp. 2–3 – via EDGAR.
- ^ Mike Lewis; Roger Moon (November 16, 2003). "Casino process in Orange County on a fast track". The Herald-Times. Bloomington, IN – via NewsBank.
- ^ Roger Moon (December 26, 2003). "Casino applicant withdraws request". The Times-Mail. Bedford, IN – via NewsBank.
- ^ Tom Wilemon; Anita Lee (October 21, 2004). "D'Iberville sees plans for casino evaporate". The Sun Herald. Biloxi, MS – via NewsBank.
- ^ Glenn Coin (April 27, 2005). "Vernon Downs has new suitor". The Post-Standard. Syracuse, NY – via NewsBank.
- ^ "Isle of Capri may buy Casino Aztar". Kansas City Star. March 13, 2007 – via NewsBank.
- ^ John McCarthy (November 8, 2006). "State voters again reject gambling issue". The Cincinnati Post. Associated Press – via NewsBank.
- ^ Tom Breckenridge (November 4, 2006). "Issue 3 could boost downtown Developers putting money on proposal for gambling". The Plain Dealer. Cleveland, OH – via NewsBank.
- ^ Becky Bosshart (June 26, 2006). "Piñon Plaza changes hands; to become Gold Dust West". Nevada Appeal. Archived from the original on September 6, 2017.
- ^ Marianne Kobak (March 2, 2007). "Gold Dust West ready to open". Elko Daily Free Press – via NewsBank.
- ^ Form 10-K: Annual Report (Report). Jacobs Entertainment. March 30, 2010. p. F-23 – via EDGAR.
- ^ Form 10-Q: Quarterly Report (Report). Jacobs Entertainment. August 13, 2012. p. 15 – via EDGAR.
- ^ Form 10-K: Annual Report (Report). Jacobs Entertainment. March 29, 2011. p. 7 – via EDGAR.
- ^ "About Nautica Entertainment Complex". Nautica Entertainment Complex. Retrieved September 8, 2017.
- ^ "Jacobs takes over ownership of the Greater Cleveland Aquarium; new exhibits announced". Akron Beacon Journal. June 3, 2014. Retrieved September 8, 2017.
- ^ a b "Jacobs Entertainment pitches sale to W.Va. company". The Denver Post. Associated Press. May 14, 2013. Retrieved September 5, 2017.
- ^ a b "Jacobs Entertainment offers rival bid for MTR Gaming". Las Vegas Review-Journal. Associated Press. October 3, 2013. Retrieved September 5, 2017.
- ^ Stan Bullard (July 14, 2008). "Younger Jacobs seeking bigger stake in owner of Mountaineer resort". Crain's Cleveland Business – via NewsBank.
- ^ "Jacobs Entertainment, Inc. supports Eldorado's proposal to MTR Gaming" (Press release). Jacobs Entertainment. November 20, 2013 – via Marketwired.
- ^ Stan Bullard (September 19, 2008). "Jacobs Entertainment pursues Miss. casino". Crain's Cleveland Business. Retrieved September 6, 2017.
- ^ Mary Perez (April 5, 2017). "Diamondhead casino developer appeals Gaming Commission decision". The Sun Herald. Biloxi, MS. Retrieved September 6, 2017.
- ^ Higdon, Mike (April 26, 2017). "Casino co. investing over $40M into Sands purchase and three blocks of downtown Reno". Reno Gazette-Journal. Retrieved April 27, 2017.
- ^ Annie Conway (June 26, 2017). "Jacobs Entertainment to acquire Sands". Northern Nevada Business Weekly. Archived from the original on June 26, 2017.
- ^ Location Details - Public (Report). Nevada Gaming Control Board. Retrieved September 5, 2017.
- ^ Jason Hidalgo (November 10, 2017). "Downtown Reno Courtyard Inn sold to Fountain District developer for $2.1M". Reno Gazette-Journal. Retrieved April 28, 2018.
- ^ Mike Higdon (February 23, 2018). "Jacobs Entertainment tearing down 'heroin hotel' and two other downtown Reno motels". Reno Gazette-Journal. Retrieved April 28, 2018.
- ^ Moomaw, Graham (April 25, 2018). "Racing group buys Colonial Downs for more than $20 million, promising to revitalize Virginia horse racing". Richmond Times-Dispatch. Retrieved April 28, 2018.
- ^ ABOUT US - Nautica Waterfront District.com
- ^ Dining cruise ship coming to Cleveland, set to sail later this summer - Cleveland 19.com (WOIO/WUAB)
- ^ "WE'RE BRINGING TENNIS TO THE LAND". Tennis in the Land. Tennis In The Land. Retrieved August 18, 2023.