Dan Gilbert pitching casino for downtown Toronto
By David Muller
MLive.co
on April 12, 2013
Quicken Loans founder Dan Gilbert . (Tanya Moutzalias | MLive.com)
DETROIT, MI - Dan Gilbert and partners in Caesars Entertainment will pitch plans for a downtown casino in Toronto to city officials there next week, the Cleveland Plain Dealer reports. Ontario officials are also considering whether or not to privatize government-owned casinos outside of Toronto, so Gilbert and company may see some opportunities there, a company spokeswoman told the Cleveland publication.
Gilbert, who signed off on buying majority share of downtown Detroit’s Greektown Casino-Hotel last week, is expanding his gaming holdings throughout the region.
He recently struck casino and horse track deals in Baltimore and northern Kentucky, and has bought a stake in Caesars’ online gaming division, the Cleveland Plain Dealer reports.
Gilbert, the founder of Quicken Loans and owner of 4 million square feet of downtown Detroit commercial real estate, began his foray into the gaming world when he started Horseshoe casinos in Cleveland last May and in Cincinnati last month. On Tuesday, his group opened Thistledown Racino in the suburbs of Cleveland.
Caesars is a minority partner with Gilbert’s Rock Gaming on the Ohio gaming developments, as well as on Turfway Park, a thoroughbred track in northern Kentucky. Casino gambling is still illegal in Kentucky, but the state has been talking about its legalization.
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