Dan Gilbert says Detroit bankruptcy is 'good news'June 24, 2013 7:54 PM by Ray Poirier
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.
The four major professional sports leagues and the NCAA filed papers to stop New Jersey’s plan to allow legal sports betting beginning this weekend, when gamblers could become the first in the nation outside Nevada to wager on single games.
The Florida State Seminoles dropped from 5/1 to win this season’s college football championship to 7/1 Monday morning at the Westgate Las Vegas SuperBook. Despite a 31-27 come-from-behind victory over the fifth-ranked Notre Dame.
Pokin' Around | One final bit of unfinished business from the recent Global Gaming Expo involves a blackjack table game called Lucky 13s.
A well-known Chicago anti-crime fighter has warned that if Illinois doesn’t move quickly to eliminate the unregulated so-called “Sweepstakes Cafes,” Illinois could become known as “the sucker state.”
A Florida developer who lost a bankruptcy court auction for the former Revel Casino Hotel in Atlantic City is now challenging the decision.
- GamingToday's Bookies Battle the Point Spreads
- Odds put Gordon at goal for NASCAR championship
- Follow GamingToday on Twitter
- GamingToday Play Free Video Poker
- Islanders stirring up betting interest in NHL
- Stanford's defense could crush Oregon State
- GamingToday's Beat the Big Dog football contest
- GamingToday Casino Games and Poker
- Like GamingToday on Facebook