Gilbert selling Jack Entertainment

https://www.bloomberg.com/news/articles/2018-09-05/billionaire-gilbert-is-said-to-be-looking-to-cash-out-of-casinos

Caesars possible bidder.

I heard on radio. He was interested in buying the Lions.

 

good riddance

 

If you understood how much he has done for both Cleveland and Detroit you wouldn't say that.
Would love to see CET buy all 3 and Dan to buy the Lions.

 

Im about 10 mins from Jack in CLE and 25 mins to JACK Thiseldown but usually drive 35 mins to Hard Rock. just not a massive fan of JACK. Comps blow. As soon at TR left the first time I stopped going as much as I did.

 

If you understood the damage he caused with Quicken, to both the public and its employees, you wouldn't say that

 

Who wants to go “halfsies” with me to buy it.

 

I understand the company he started. Live in the state he is from. Alumnus of the same college. Oh I do know a few employees of Dan's.

 

I will be glad to see someone else come in and run them. JACK Cleveland and Thistledown are much worse since CET left!

 

I agree on the casino and wish CET would take them over. I wonder how it would work with Caesars Windsoracross the river from Greektown Casino. Will see

 

I really want CET to buy them. I loved staying at the Cleveland Ritz for free, but have been back only once since they left CET.
Gilbert also owns about 30% of Horseshoe Casino Baltimore, so I see CET buying that piece at least.
Caesar's Windsor is a lease from the Ontario government and it expires in 2020, and they just got done with 3 month strike. So they could buy the MI assets, which won't close until 2019 and then leave Windsor in 2020. Sports betting could be a big factor in this decision.

 

The problem is the state of Michigan had a rule on having distance between same ownership casinos. I believe it's 50 miles. If the state would ease the restriction it would be a no brainer I am sure.
Wish sports betting would be legalized soon.

 

CET doesn't own Caesars Windsor, they just manage it for the province of Ontario. I wonder if their contract with Ontario would allow them to also operate a Detroit casino (Greektown). It would be great for me, personally, but I don't know if it will happen. I suspect that CET will purchase the Ohio properties, and Greektown will be sold to somebody else.