With the sale of its Greektown casino to Penn National and the pending sale of its Cincinnati casino to Hard Rock International, Jack Entertainment owner Dan Gilbert appears to be serious about exiting the casino industry. That opinion was cemented last week when Jack announced that several of its senior executives including CEO Matt Cullen would be joining Gilbert’s Bedrock, Gilbert’s real estate development company. Gilbert is the owner and chairman of Quicken Loans and also owns the NBA Cleveland Cavaliers.
In addition to Cullen, four other executives are leaving to join Bedrock in similar capacities: Glen Tomaszewski as chief financial officer; Dan Reinhard as general counsel; Alyse Martinelli as chief people officer; and Mark Miller as chief strategy officer.
Remaining with Jack as CEO is Mark Dunkeson, but he will also serve as COO of Bedrock. Cullen will remain the chairman of Jack Entertainment.
With the sale of the two properties, Jack Entertainment owns casinos in Cleveland and at Thisledown racetrack in Ohio, and is a part owner of Horseshoe Baltimore, which is operated by Caesars Entertainment. Jack also owns the Turfway Park racetrack in Kentucky.
