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Caesars boosts stake in Horseshoe Baltimore as Maryland sports betting looms
American casino and hotel company, Caesars Entertainment Inc. (NASDAQ: CZR) now owns 76 percent of Horseshoe Baltimore after purchasing a minority interest from one of its joint venture partners, which remained unnamed in the operator’s Thursday press release.
The reno-based company has also yet to reveal the financial terms of the deal, which comes as Maryland prepares to launch legal sports betting this fall. HB 940 was signed into law by Gov. Larry Hogan on May 18, 2021, before the Maryland Lottery and Gaming Control Commission approved regulations for sports betting on July…