Detroit developer Dan Gilbert announces deal to acquire company that owns Greektown Casino-Hotel

(WXYZ) - Rock Gaming, a company that is chaired by Detroit developer Dan Gilbert, has announced that it has entered into an agreement to acquire the company that owns the Greektown Casino-Hotel in downtown Detroit.

The agreement is still pending approval from the Michigan Gaming Control Board.

"Our plans are in the early phases, however, we envision significant investment in the Greektown Casino-Hotel, as well as the enhancement and growth of the existing entertainment district.  We see this unique area extending to Campus Martius and along Woodward Avenue building on the positive momentum already occurring in the heart of downtown Detroit," Gilbert said in a statement.

Gilbert is the majority owner of the Cleveland Cavaliers basketball team and owns the Horseshoe Casino in Cleveland. 

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