What would a sale mean for Jack Cincinnati Casino?
5 years ago
8
Jack Entertainment Chairman Dan Gilbert could fetch up to $2.7 billion if he cashed in all his chips on casino investments in Cincinnati, Cleveland, Detroit and elsewhere. But industry analyst Chad Beynon said Gilbert could also generate “$1.5 billion or so” by continuing to operate casinos and selling off real estate assets tied to gaming. Beynon, who follows the gaming industry for Macquarie Capital, compiled the estimates at WCPO’s request after a Sept. 5 Bloomberg report that Gilbert is evaluating a potential sale. Bloomberg quoted "people familiar with his plans" as saying Gilbert hired Deutsche Bank and Credit Suisse to represent the company in a sale process.
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