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Dan Gilbert Sells His Detroit Casino For $1B | National Real Estate Investor

by nreionline.com posted 2months ago 23 views
Quicken Loan founder sold Greektown Casino Hotel to publicly-traded REIT Vici Properties Inc. and Penn National Gaming Inc.: (Bloomberg)—Quicken Loans Inc. founder Dan Gilbert agreed to sell his Detroit casino to Penn National Gaming Inc. and Vici Properties Inc. in a deal valued at $1 billion. Penn will pay $300 million and run the Greektown Casino Hotel, the companies said Wednesday. Vici, a publicly traded real estate investment trust, will pay $700 million and own the property. The billionaire continues to own casinos in Cleveland and Cincinnati.

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