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Jack Entertainment exit for Dan Gilbert


January 19, 2021
It would seem that billionaire American businessman Dan Gilbert (pictured) has quietly exited the casino business after reportedly selling off his remaining stake in operator Jack Entertainment to members of the firm’s management team.
According to a Monday report from the Cleveland Scene newspaper, Gilbert is worth an estimated $34 billion thanks to his Quicken Loans Incorporated mortgage lending business and established Detroit-headquartered Jack Entertainment in 2009 after helping to back a ballot measure that legalized casino gambling in Ohio. The operator subsequently went on to hold interests in six gambling-friendly venues including the Greektown Casino Hotel, Jack Cleveland Casino, Jack Cincinnati Casino and Jack Thistledown Racino. ....

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Ohio's casino revenue down 20 percent during November | News, Sports, Jobs


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WARREN Revenue at Ohio’s four casinos was off 20 percent in November, a slide that’s likely due in large part to the state curfew meant to slow the spread of the surging viral outbreak.
“It’s hard for us to say with absolute certainty, but I would say that is definitely going to be a factor into what we saw,” said Jessica Franks, spokeswoman with the Ohio Casino Control Commission.
The latest report from the commission shows the $59.5 million in revenue the casinos brought in is $15.2 million less than October, a month the casinos experienced a bit of a rebound after a two-month period of falling numbers. ....

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