Investors in South Baltimore Casino Hope to Get Approval to Move Ahead
Gilbert, along with other investors, submitted paperwork and paid a $22.5 million application fee last fall to build a proposed casino in South Baltimore and the state slots panel is expected to make a decision on the application by April.
If approved, the Maryland casino would open at the end of 2013 and would feature 3,750 slot machines, restaurants, shops and a buffet. By law, there are no table games, such as blackjack and roulette, allowed in Maryland.
Gilbert currently has two other casinos which are under construction in Clevland and Cincinatti. While both of the Ohio casinos operate under Caesar's Horseshoe brand, the Baltimore casino would operate under Caesar's Harah's brand.
Gilbert also led a syndicate that bought the Clevland Cavaliers basketball team in 2005.
"He's clearly taken his business prowess and expanded into the entertainment industry through his basketball franchise and to a natural, logical fit with the casino gaming industry," said gaming analyst Robert Russell of Gilbert.
Dan Gilbert, founder of Quicken Loans, is one of the chief investors in a new project to build a casino in Baltimore, Maryland.