Et tu, Dan?
Seems there’s no honor among business partners: While lugging Caesars Entertainment on his back from Cleveland to Cincinnati and thence to Baltimore, mogul Dan Gilbert had a side deal of his own going. He’s buying a majority stake in Greektown Casino (right). This at least portends the rescue of Greektown from bumbling ownership and revolving-door management. But Gilbert’s not bringing Caesars with him … at least for now. There’s a not-so-small gambling salon right across the river called Caesars Windsor, one of several albatrosses around Gary Loveman’s neck. The endgame may well be for Caesars to try and unload their tanking Canadian casino — at fire sale prices, no doubt. I suppose they could just hang onto their respective footholds and slug it out across the river, which would be pretty interesting albeit not very pretty … but this aforementioned scenario would enable Caesars to buy into Gilbert’s Greektown action and theoretically further Loveman’s attempt to crack the Toronto market … although you’d have to be on crack to lend Caesars the billions required for such a venture. The ever-fickle Loveman was ready to drop Windsor like a hot brick the moment Toronto became available, so the chance to get into it and Detroit in close succession would be darn near irresistible.
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January 18th, 2013 at 3:26 pm
Ummm … Dave, Windsor is known in some circles as “South Detroit.” I thought I hated CBP and TSA, but apparently not nearly as much as your basic Caesars Windsor exec. CBP has long been a known problem, and if you want to be pulled over coming back into Detroit, just tell the friendly CBP agent you’ve been to CW. At that point, CBP will commence playing Treasure Hunt.
The real problem with Caesars in Windsor is CBP, who if you ask me, are the real terrorists.
January 18th, 2013 at 4:55 pm
Seventy, you’ve convinced me! I am now going to practice saying, “Horseshoe Greektown.” (The bland alternative, “Horseshoe Detroit,” would occasion a great deal of resentment in the neighborhood.)
January 22nd, 2013 at 7:25 am
Caesars Windsor may be “smoke free” as Canadian casinos tend to be. Also, now you need a passport or similar pass to get to Windsor from the U.S.A. It is a typical Canadian casino. High food and drink prices. Dead slots that don’t pay off and small pays otherwise. The only thing going for it is its safer location. Windsor has maybe 2 murders a year (if that). Detroit has 4 in a day.