Dan Gilbert could have billions of reasons to sell JACK casinos in Cleveland, elsewhere

Dan Gilbert and his business partners sunk millions of dollars into a successful campaign nine years ago to persuade voters to legalize casino gambling in Ohio.

Now Gilbert and his associates could be ready to cash in for billions of dollars from that initial bet and substantial investments since then.

Bloomberg reported last week that Gilbert's casino company - JACK Entertainment - has retained Deutsche Bank and Credit Suisee to help navigate a potential sale.

JACK Entertainment, replying to questions from cleveland.com, would only say in an emailed response that the company has a "long-standing policy to not comment on rumors or speculation."

But you don't have to look far to understand why a potential sale would at least be considered.

The Hard Rock Rocksino in nearby Northfield recently was sold for $1 billion to MGM Growth Properties.

Here is how Gilbert's casino investment got started and why his casino business might be worth so much now.

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