Cleveland Cavaliers’ owner Dan Gilbert believes that Detroit declaring bankruptcy will be “good news.” He is a major owner and developer of downtown Detroit real estate, as well as being a major player in the gaming field as the owner of Greektown Casino in Detroit and a pair of casinos in Ohio.
Gilbert, founder and chairman of Quicken Loans, describes Detroit bankruptcy as a “tsunami we all think is going to come” and feels that the “faster we get there, the better.”
Currently, the city is under the control of an emergency manager who is asking Detroit creditors to take about 10 cents on every dollar owed to them. Negotiations could last several weeks, officials say.
Ray Poirier is the longtime executive editor at GamingToday.
Contact Ray at RayPoirier@GamingToday.com.
A long-planned initiative to create bigger jackpots by linking casino slot machines in New Jersey and Nevada is up and running. The progressive slots system links 100 machines in Atlantic City with 600 in Nevada.
The Southern 500 NASCAR Sprint Cup race could be headed back to its original Labor Day weekend date. NASCAR will move Darlington’s race to the Sunday night of Labor Day weekend in 2015.
NFL Previews | This is the 12th of 32 pro football preseason previews leading up to the NFL football season opener Thursday, September 4. Today: San Diego Chargers. Next up: Washington Redskins.
Ultimate Poker has launched Ultimate Poker Live Series, a series of online and live qualifying events that culminate at a monthly final tournament. The inaugural event, a will be held on Saturday, Sept. 13 at Green Valley Ranch Resort.
Momentum to shift some gambling away from Atlantic City increased Tuesday as a state senator introduced plans for a constitutional amendment that would put slot machines at New Jersey’s four horse racing tracks.
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