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Jacobs Entertainment
Jacobs Entertainment, Inc. is a gaming, hospitality, and entertainment company based in Golden, Colorado, with properties in Louisiana, Colorado, Nevada, and Ohio.
The company was formed by Cleveland real estate developer and former Ohio state representative Jeff Jacobs. In 1995, it announced a joint venture with Black Hawk Gaming & Development to build a casino hotel in Black Hawk, Colorado. Jacobs was also reported to be exploring gaming opportunities in 10 other states, as well as South Africa and Aruba. Later that year, the company purchased 50 percent of Colonial Downs, a horse track under development in New Kent, Virginia, for $5 million, and was negotiating to purchase River Downs, an Ohio horse track.
In 1996, the company made a $9 million investment in the Boardwalk Casino on the Las Vegas Strip.
The Lodge Casino, the company's $73-million joint venture with Black Hawk Gaming, opened in 1998, with Jacobs owning a 25 percent share.
In 2002, Jacobs and his father, former Cleveland Indians owner Richard E. Jacobs, consolidated their gaming holdings into a reorganized Jacobs Entertainment, Inc., which simultaneously purchased all outstanding shares of Black Hawk Gaming & Development and Colonial Holdings. The combined company at that point owned The Lodge Casino and The Gilpin Casino in Black Hawk; The Gold Dust West Casino in Reno, Nevada; Colonial Downs racetrack; and six truck stop casinos in Louisiana.
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. It also made plans to develop a casino in D'Iberville, Mississippi, but pulled out of the project in 2004.
Jacobs held discussions about buying New York racetrack Vernon Downs in 2005, and Casino Aztar Caruthersville in Missouri in 2007, but neither acquisition materialized.
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 Nautica Entertainment Complex, owned by Jeffrey Jacobs. The measure would ultimately fail. In later years, Jacobs' expanded Cleveland properties would be collectively renamed as the Nautica Waterfront District.
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Jacobs Entertainment
Jacobs Entertainment, Inc. is a gaming, hospitality, and entertainment company based in Golden, Colorado, with properties in Louisiana, Colorado, Nevada, and Ohio.
The company was formed by Cleveland real estate developer and former Ohio state representative Jeff Jacobs. In 1995, it announced a joint venture with Black Hawk Gaming & Development to build a casino hotel in Black Hawk, Colorado. Jacobs was also reported to be exploring gaming opportunities in 10 other states, as well as South Africa and Aruba. Later that year, the company purchased 50 percent of Colonial Downs, a horse track under development in New Kent, Virginia, for $5 million, and was negotiating to purchase River Downs, an Ohio horse track.
In 1996, the company made a $9 million investment in the Boardwalk Casino on the Las Vegas Strip.
The Lodge Casino, the company's $73-million joint venture with Black Hawk Gaming, opened in 1998, with Jacobs owning a 25 percent share.
In 2002, Jacobs and his father, former Cleveland Indians owner Richard E. Jacobs, consolidated their gaming holdings into a reorganized Jacobs Entertainment, Inc., which simultaneously purchased all outstanding shares of Black Hawk Gaming & Development and Colonial Holdings. The combined company at that point owned The Lodge Casino and The Gilpin Casino in Black Hawk; The Gold Dust West Casino in Reno, Nevada; Colonial Downs racetrack; and six truck stop casinos in Louisiana.
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. It also made plans to develop a casino in D'Iberville, Mississippi, but pulled out of the project in 2004.
Jacobs held discussions about buying New York racetrack Vernon Downs in 2005, and Casino Aztar Caruthersville in Missouri in 2007, but neither acquisition materialized.
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 Nautica Entertainment Complex, owned by Jeffrey Jacobs. The measure would ultimately fail. In later years, Jacobs' expanded Cleveland properties would be collectively renamed as the Nautica Waterfront District.
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