Enquirer wire services

CLEVELAND - An Internet casino operator said Wednesday that it is willing to outbid a Detroit businessman for the Cleveland Cavaliers, which possibly could open a bidding war for the NBA team.

Casino Fortune, which bills itself as the world's oldest online gambling company, said it has submitted a letter to owner Gordon Gund that outlines its intent to buy the Cavaliers.

Last week, Gund, who bought the Cavs in 1983 for $20 million, said he was in serious negotiations with a potential buyer.

Dan Gilbert, founder of Quicken Loans, reportedly has offered Gund approximately $375 million for the team.

Trinidad-based Casino Fortune claims it previously attempted to buy the Phoenix Suns for $380 million.

Spokesman Kevin Mercuri said the casino company has proposed meeting with Gund and team executives next week.

"We will make it clear that we want this team, by outbidding Mr. Gilbert," Casino Fortune president Dennis Rose said.

Cavaliers spokesman Tad Carper would not comment. The NBA did not immediately return a message seeking comment.

Casino Fortune's bid for the Cavaliers could open the door for other suitors to approach the 65-year-old Gund.