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Dan Gilbert is said to be looking to cash out of casinos

Representatives for both banks and Caesars declined to comment. "It is Jack Entertainment's long-standing policy to not comment on rumors or speculation," the company said in a statement Wednesday. Gilbert, a billionaire who also owns the Cleveland Cavaliers basketball team, began eyeing gambling as part of a strategy to revive struggling downtowns in older U.S. cities. He backed a 2009 ballot measure to legalize casinos in Ohio and opened his first property in the historic Higbee's department store building in downtown Cleveland three years later. Jack Entertainment LLC, based in Detroit, has interests in six casinos and racetracks, including Jack casinos in Ohio and the Greektown Casino-Hotel in Detroit, which Gilbert acquired in 2013.

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Poker room opens at Four Winds Casino in South Bend Four Winds South Bend announced Tuesday the opening of it's new 10-table live poker room. SOUTH BEND — The live poker room announced two months ago at Four Winds South Bend Casino is now open, following a soft opening over Labor Day weekend. The new room features 10 tables, and includes $1 to $2 No-Limit Hold ’em, $2 to $5 No Limit Hold ’em, $3 to $6 Limit Hold ’em and $1 to $2 Pot Limit Omaha poker. Casino COO Frank Freedman said the installation of the room was a result of guests asking for live poker tables. “For fans of the game, the addition of the poker room offers something for everyone,” Freedman said. The casino already had video poker, but the addition of the live tables marks a new development for the young casino. But the addition of the live poker tables doesn’t mean blackjack, baccarat or other table games where players compete against the “house” will come soon, as those are still prohibited by the casino’s classification under the Indian Gaming Regulatory Act. But according to a legal opinion from the National Indian Gaming Commission, playing poker at a Class II tribal casino, the classification of Four Winds South Bend, is legal in Indiana because it is “explicitly authorized by its state law.”

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