- Posted April 11, 2013
- Tweet This | Share on Facebook
Mich. board OKs Gilbert takeover of Greektown
DETROIT (AP) -- Michigan gambling regulators have approved the sale of Detroit's Greektown casino to Cleveland Cavaliers and Quicken Loans owner Dan Gilbert.
The Michigan Gaming Control Board voted Tuesday to approve Gilbert as the operator of the Greektown Casino-Hotel. The board regulates Detroit's three state-chartered casinos.
Afterward, Gilbert issued a statement saying the Greektown casino "is the perfect intersection" of his investment focus in Detroit. He's been steadily buying up a portfolio of buildings over a large stretch of the city's downtown
In a related development, Greektown Superholdings Inc. announced Tuesday that it has agreed to final terms on the sale of the casino to Gilbert's Athens Acquisition LLC. The agreement completes their March 18 tentative deal.
Greektown Superholdings operates the casino complex on behalf of a number of owners.
Published: Thu, Apr 11, 2013
headlines Oakland County
- In the spotlight
- Local law students win national moot court competition
- Dept. issues Grant Funding Opportunity for victim advocacy and response services
- Nessel warns of fraudulent Facebook event pages targeting vendors
- Whitmer signs bipartisan bills protecting access to health care, boosting local development
headlines National
- Techshow attendees dig deeper into AI uses and capabilities
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Where can 1Ls get five-figure signing bonuses?
- Law firms see more cyberattacks, ransomware threats, new report says
- BigLaw’s share of litigation funding dropped in 2025
- Woman faces murder charge after allegedly taking abortion medication
