Market Overview

Dan Gilbert Gets Into the Casino Business

Rock Venture's Athens Acquisition LLC entered into an agreement to acquire a majority stake in Greektown Superholdings, the shell company that owns Greektown Casino-Hotel.

Dan Gilbert is the Chairman of Rock Ventures. He is primarily known for being the CEO of Quicken Loans, a mortgage company he originally founded in 1985.

Over the last few years, Gilbert has been spearheading an effort to revitalize downtown Detroit. He has moved his company's headquarters, and many of its employees into the city.

Now, by acquiring one of the city's three casinos, Gilbert will be expanding into the Detroit entertainment scene. Gilbert plans to make significant investments into the property.

Posted-In: News General

 

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