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.
Getting Rich with Saber | Over 110 years ago, Oaklawn Park in Hot Springs, Arkansas opened for business and they all came. They came for the gambling and natural hot springs bath houses. And they kept coming to this historical spot.
Players may be lucky enough to bet on the winner of the Kentucky Derby on May 3 but when they cash their tickets they will find the payoff a little less than previous payouts.
Sweet Swap and Joe Talamo are good for each other. Ridden for the second time in-a-row in Sunday’s Grade III, $100,000 San Simeon Stakes, the 5 year-old horse followed his Feb. 23 win with a diminishing half length tally over the late-charging Lakerville.
Ronda Rousey will make her fourth defense of the women’s bantamweight title at UFC 175 to be held July 5 at Mandalay Bay.
Manny Pacquiao left it again for the judges to decide his rematch with Timothy Bradley. In the end it was Pacquiao who dominated from the seventh round on to record a unanimous decision at MGM Grand Garden Arena.
- Can anyone in the NBA apply Heat like Miami Heat?
- NHL altered divisional and playoff format
- Churchill Downs increases take out
- GamingToday Play Free Video Poker
- GamingToday Casino Games and Poker
- Can California Chrome win Kentucky Derby?
- 2014 Kentucky Derby Top 22 Point Getters
- Follow GamingToday on Twitter
- Like GamingToday on Facebook