Regulators approve Greektown Casino sale to Dan Gilbert - New York News

Regulators approve Greektown Casino sale to Dan Gilbert

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DETROIT (WJBK) -

Michigan gambling regulators have approved the sale of Detroit's Greektown Casino to Cleveland Cavaliers and Quicken Loans owner Dan Gilbert.

Fox 2's Roop Raj reports Greektown Casino lags behind MGM Grand Detroit and MotorCity Casino-Hotel in the revenue department, but Gilbert hopes to make changes to the turn that around.  The specifics have yet to be announced, but Raj says one idea is to add a number of windows to the casino to let it more natural light.  Other reported plans include opening new shops in the casino and making it easier to connect to other spots around the downtown area.

Darryl Seal is hoping the change in ownership will mean better times.  "Jobs, more people getting involved in the community.  I think that's what Greektown needs," he said.

Gilbert already owns 17 buildings in downtown Detroit and recently revealed his plans for the Woodward Corridor, which includes an assortment of retail development.  Now the Greektown Casino will be apart of that plan.

The sale of the casino is expected to be completed next week.

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