Blog Entry

Cavs owner Dan Gilbert to launch 'urban casinos'

Posted on: October 17, 2011 5:52 pm
Edited on: October 17, 2011 6:01 pm
 
Posted by Ben Golliverdan-gilbert

Is Cleveland Cavaliers owner Dan Gilbert the biggest gangster in the NBA?

That might seem like a loaded question, but Gilbert did make his fortune off of sketchy, subprime home loans and now has ambitious plans to extend his sphere of influence with an interstate gambling business.

Cleveland.com reports that Gilbert, the founder of Quicken Loans, is a principal in a new gambling investment company that plans to open "high-style, up-scale urban casinos" in Ohio and Maryland.
Rock Gaming LLC, a powerful new force in the gambling industry that has teamed up with Caesars Entertainment Corp. to develop casinos in Cleveland, Cincinnati and now, possibly, Baltimore. They submitted an application - and a check for $22.5 million - to Maryland officials late last month to develop a slot machine-only casino near the city's Inner Harbor with Caesars and two local investors. They are considered to be the frontrunner for the project.

Their big bet: that their concept of a high-style, up-scale "urban" casino that feeds on the character of a city and its attractions as much as on its slot machines will make them wildly successful and, in the process, revitalize rust belt cities.

"We think the right way to go is to do good and do well," said Matt Cullen, a Rock Gaming principal who's second in command of Gilbert's family of 39 companies. "But there's no question it's a risk."
Nothing says "revitalizing the rust belt" quite like investing in the most exploitative industries known to man. All Gilbert needs to do now is nickname himself after a semi-automatic weapon and launch a chain of brothels and he will have completed the 1930s-era gangster grand slam. Check Boardwalk Empire next week for a cameo appearance; Gilbert will be playing himself.

Gilbert is best known in NBA circles as the man who came completely unhinged when former Cavaliers All-Star LeBron James decided to "take his talents" to the Miami Heat during the summer of 2010. He penned an open letter calling James' decision "heartless and callous" and accused him of "disloyalty" for his "shameful display of selfishness and betrayal." Gilbert is also widely mocked for exclusively using the comic sans font.

Hat tip: IAmAGM
Comments

Since: Nov 7, 2008
Posted on: October 17, 2011 8:33 pm
 

Cavs owner Dan Gilbert to launch 'urban casinos'

He made his billions screwing people with bad mortgages and now is going to make even more with gambling?  Oh well, if the states will let him do it, you know people will be lining up to throw away their paychecks there.  Maybe he can get Lebron to emcee the opening of one of them in Ohio?



Since: Sep 25, 2009
Posted on: October 17, 2011 7:31 pm
 

Cavs owner Dan Gilbert to launch 'urban casinos'

I think NYC has a similar plan in the works.  With a dead economy legalized gambling is generally needed to get money flowing again.  It works in Sim City anyway.  How can Sim City be wrong?


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