{"id":105875,"date":"2019-05-28T06:48:03","date_gmt":"2019-05-28T13:48:03","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=105875"},"modified":"2019-05-28T06:48:47","modified_gmt":"2019-05-28T13:48:47","slug":"dan-gilbert-jack-entertainment-founder-and-cavaliers-owner-recovering-from-stroke","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/dan-gilbert-jack-entertainment-founder-and-cavaliers-owner-recovering-from-stroke\/","title":{"rendered":"Dan Gilbert, JACK Entertainment Founder and Cleveland Cavaliers Owner, Recovering from Stroke"},"content":{"rendered":"

Dan Gilbert, the founder of JACK Entertainment LLC and owner of the Cleveland Cavaliers, remains hospitalized after suffering a stroke on Sunday.<\/p>\n

\"\"
Dan Gilbert, the owner of the Cleveland Cavaliers and founder of JACK Entertainment, is recovering at a Detroit hospital from a stroke he suffered over the weekend. (Image: WJW-TV\/Fox 8 Cleveland)<\/figcaption><\/figure>\n

Gilbert, 57, is awake and responsive, said Quicken Loans CEO Jay Farner in a statement to the Associated Press Monday night. Gilbert founded Quicken and currently serves as its chairman. The report indicated Gilbert went to a Detroit hospital for another procedure when medical staff identified stroke symptoms.<\/p>\n

Dan and his family are immensely grateful to the doctors and nurses whose early intervention is already paying dividends toward his recovery,” <\/strong>Farner said.<\/span><\/p><\/blockquote>\n

According to Forbes, Gilbert ranks No. 233 on its list of the world\u2019s billionaires with a net worth totaling $7.3 billion.<\/p>\n

The medical news comes less than a week after his two highest-profile businesses both made headlines.<\/p>\n

Greektown Casino Sale Approved<\/h2>\n

Last week, the Michigan Gaming Control Board gave its approval the sale of Detroit\u2019s Greektown Casino-Hotel<\/a>. JACK Entertainment sold the property for $1 billion to Penn National Gaming and VICI Properties. Gilbert\u2019s company had purchased Greektown, a 100,000-square-foot casino with a 400-room hotel, six years ago for $600 million.<\/p>\n

Last month, the company also announced it would sell its JACK Cincinnati casino in Ohio and Turfway Park, a horse track in nearby northern Kentucky, for $780 million.<\/p>\n

The sales have caused some to wonder whether Gilbert was looking to get out of the gaming business. However, Matt Cullen, JACK\u2019s CEO, told Casino.org<\/em> last month that the company remains committed to its Cleveland casino and Thistledown Racino, also located in the Cleveland area.<\/p>\n

“Our operational and capital plans for the two Cleveland properties remain on track and are not impacted by the sale of JACK Cincinnati and Turfway Park,\u201d he said. \u201cWe look forward to continuing to grow the Cleveland businesses and reinvesting in those properties.\u201d<\/p>\n

Cavs Hire New Coach<\/h2>\n

This year, Gilbert\u2019s Cavaliers failed to make the playoffs for the first time in five years, thanks largely to the departure of LeBron James<\/a>. Cleveland had won the NBA\u2019s Eastern Conference championship the previous four seasons and won its first NBA title in 2016.<\/p>\n

The day before the Greektown closing, Gilbert announced John Beilein as the Cavaliers new head coach, hiring him from the University of Michigan. One of the reasons the Cavs hired the career college hoops coach was because of his ability to develop young players.<\/p>\n

\u201cHe\u2019s one of the best tactical basketball coaches around, college or pro, probably,\u201d Gilbert said at the May 21 press conference introducing Beilein. \u201cHe\u2019s an innovator.\u201d<\/p>\n

Beilein has his work cut out for him. After James and Kyrie Irving both left in the previous two season, All-star Kevin Love played in just 22 games last season largely due to a toe injury. That helped turn a team that won 50 regular-season games two years ago into one that won just 19 last year.<\/p>\n

The Cavaliers will have the fifth pick in this year\u2019s NBA Draft, which takes place next month.<\/p>\n

Oddsmakers aren\u2019t expecting Beilein to perform a miracle in getting the Cavaliers competitive next season. Both the Westgate SuperBook and PointsBet list the Cavaliers as 300-1 shots to win the NBA title next season. They\u2019re one of seven teams at each book to have the highest odds on the board.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dan Gilbert, the founder of JACK Entertainment LLC and owner of the Cleveland Cavaliers, remains hospitalized after suffering a stroke on Sunday. Gilbert, 57, is awake and responsive, said Quicken Loans CEO Jay Farner in a statement to the Associated Press Monday night. Gilbert founded Quicken and currently serves as its chairman. The report indicated […]<\/p>\n","protected":false},"author":45,"featured_media":105876,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,16],"tags":[],"acf":[],"yoast_head":"\nDan Gilbert, JACK Entertainment Founder and Cavaliers Owner, Recovering from Stroke<\/title>\n<meta name=\"description\" content=\"Gilbert, one of the richest men in the world, is in a Detroit-area hopsital and awake, according to the CEO of Quicken Loans, another business he started.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/dan-gilbert-jack-entertainment-founder-and-cavaliers-owner-recovering-from-stroke\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dan 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