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.
Baseball Previews | This is the 11th of 30 MLB preseason previews to the 2014 pro baseball season as seen by GamingToday sports editor Mark Mayer. Today, the Houston Astros On deck: Kansas City Royals.
Vegas Sports Books | The Pac-12 (MGM Grand Garden Arena), Mountain West (Thomas & Mack) and Western Athletic Conference (Orleans Arena) will all have their champions crowned in here this week. The WCC just finishing up at the Orleans.
Hollywood Casino at Charles Town Races in Charlestown, West Virginia, has introduced Fusion Hybrid, a new e-table game that fuses live table gaming with electronic wagering, plus the option for concurrent game-play.
Pokin' Around | At Twincreeks, which opened with Fearnow in charge at Silverton in 2005, diners prefer Prime Rib Wednesdays and the 50 percent off Happy Hour discounts twice nightly (5-6 p.m. and 9-10 p.m.).
Karl Lagerfeld, chief designer for the Chanel and Fendi fashion houses, announced in Paris last week that he is teaming with SJM Holdings on the design of a 270-room casino in Macau.
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