William H. Cole IV

As revenue slides, Horseshoe Casino Baltimore buys up nearby land to secure its future

As revenue slides, Horseshoe Casino Baltimore buys up nearby land to secure its future

Caesars, losing business at Horseshoe Casino to increased competition and Baltimore’s image problems, is doubling down on its bet on the city.

State land records show the casino’s partnership group is spending millions to buy up properties around the casino in South Baltimore to push a transformation of the gritty industrial area of warehouses and parking lots into a more inviting entertainment district.

Others are scouting the neighborhood, too, with the same vision.

The partners in a new Hammerjacks — the latest iteration of the venerable Baltimore concert hall and club, planned for 1300 Russell St. — say it will open in 2019. City officials say another group wants...

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