Home / Uncategorized / Cleveland Cavaliers owner Dan Gilbert was a crucial figure in bringing casino gambling to Ohio — and it offers insight into his transformation of downtown Detroit

Cleveland Cavaliers owner Dan Gilbert was a crucial figure in bringing casino gambling to Ohio — and it offers insight into his transformation of downtown Detroit

dan gilbert casinoTony Dejak/AP

Cleveland Cavaliers owner Dan Gilbert is the billionaire founder of Quicken Loans and oversees more than 100 companies, including the Jack Entertainment casino group.
Gilbert is based in Detroit, but in 2009 he was a pivotal champion of legalizing casino gambling in Ohio so that he could expand his business.
The episode shows how Gilbert has built his empire by transforming communities rather than just building in them.

When Dan Gilbert expands his businesses, he doesn’t move to a place and stand idly by. Since moving his mortgage company Quicken Loans’ headquarters to Detroit in 2010, he’s invested more than $3.5 billion (with $2.1 billion more in development) into the city’s downtown, where his company Bedrock owns about 60 properties. And before that, after he became the majority owner of the Cleveland Cavaliers NBA team in 2005, he began thinking of ways to expand his influence there, as well.

“There’s a natural opportunistic thing that happens where one thing leads to another,” Gilbert told Business Insider for an episode of our podcast “Success! How I Did It.” “So now we have the Cavaliers, things are going pretty good, and we see this opportunity where we feel like we could impact things.”See the rest of the story at Business Insider

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The billionaire owner of the Cleveland Cavaliers runs more than 100 companies according to 19 rulesA CEO who based his $700 million company in Pittsburgh says he’s getting employees who want to work in tech but avoid the Bay AreaThe CEO of the world’s biggest sneaker marketplace explains how a string of failed startups led to one worth $250 million

SEE ALSO: The owner of the Cleveland Cavaliers reveals why he’s investing over $5 billion into downtown Detroit


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