Dan Gilbert is looking to exit the casino business, with Bloomberg reporting that the Cleveland Cavaliers owner wants to sell off his properties and that Caesars Entertainment is a potential buyer. Horseshoe Casino Cleveland already gave the city a big boost with a plethora of visitors and the addition of thousands of jobs. To ready the casino, Mr. Gilbert bought downtown Cleveland real estate as if playing Monopoly. With the purchases of the Ritz-Carlton hotel and the 250 Huron building below it, he entered the city's hotel and office business sectors. A $10 million update is planned When Gilbert opened his Horseshoe Casino in Cleveland's Higbee Building it was through a long term lease, he later bought the building. He also owns the Ritz Carlton which connects to the casino Baby's 2011 death under review after father accused of killing other child (WEWS Channel 5)Rock Ohio Ventures buy Caesar's 20 percent interest and now owns Horseshoe Casino Cleveland, ThistleDown Struggling Caesars Entertainment Corp. has cut a deal with Dan Gilbert's Rock Gaming to sell out of its 20 percent stake in the Horseshoe Casino and related gambling interests. Gilbert already has casino projects in downtown Cleveland, downtown Cincinnati and downtown Baltimore. Horseshoe Casino Cleveland opened in May in a former department store near a public square that is comparable to Detroit’s Campus Martius. The Cincinnati casino is to open in March not far from that city’s Over-the-Rhine neighborhood, and managers of the Baltimore casino, set to open in Horseshoe Casino Cleveland to be renamed Jack Cleveland Casino Goodbye Rock Gaming, hello Jack Entertainment. As it ends its relationship with Caesars Entertainment Corp., which owns the Horseshoe name, the Dan Gilbert company is rebranding and reorganizing its gambling properties under the Jack brand name.
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