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Gilbert sees problems from Greektown purchase

Apr 7, 2014 6:04 PM

Dan Gilbert, founder of Quicken Loans and owner of the Cleveland Cavaliers of the NBA, seems to be running afoul of the Detroit, Michigan, City Council, despite the fact he is one of the city’s biggest boosters and has several development projects in mind.

The problem stems from the purchase by Gilbert of the Greektown Casino/Hotel last year.

A previous development agreement between the then Greektown owners and the city provided that a sale would require the approval of both the Detroit mayor and the City Council. But, when Gilbert bought the casino, he sought neither approval.

Despite concerns expressed by city officials, there has been no comment from Gilbert’s Rock Gaming group.

Whether Gilbert’s failure to seek approvals prior to closing on the casino will have any consequences was not immediately known.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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