Hollywood Casino at Greektown News - Page 10

News Brief: Greektown Casino is expected to lose $15.9 million this year as its bottom line absorbs $13.5 million in bankruptcy restructuring costs and $51 million in loan interest payments, according to the casino's financial adviser.

News Brief: Michigan Gaming Control Board members today will get their chance to weigh in on $51.3 million in emergency financing for Greektown Casino that won approval of a U.S. bankruptcy judge.

News Brief: Chairman Aaron Payment of the Sault Tribe of Chippewa Indians provided reaction to the news Friday that Greektown Casino has filed for Chapter 11 bankruptcy.

News Brief: Greektown Casino has asked a federal court for approval to reorganize its finances and continue business operations under the protection of Chapter 11 of the U.S. Bankruptcy Code, the Sault Ste. Marie Tribe of Chippewa Indians announced today.

News Brief: Greektown Casino was told it has until June 10 to come up with a convincing argument why the Michigan Gaming Control Board should not force casino owners to sell the gaming hall.

News Brief: A racetrack owner and bank founder and four local real estate investors have teamed up to buy a 40% stake in the cash-strapped Greektown Casino.

News Brief: The owners of Greektown Casino LLC could be forced to sell unless state regulators today approve a request for leniency in meeting financing requirements.

Tom Celani will acquire a significant equity position in Greektown Casino, the Sault Ste. Marie Tribe of Chippewa Indians announced today.

News Brief: The chairman of the Greektown Casino board of directors has been forced to step down after being accused of assaulting a woman who fought off his sexual advances.

A novice gambler accused and acquitted of charges that he cheated on a Greektown Casino game sued the gambling parlor Monday, saying he was targeted by overzealous casino security officials who violated their own policy by having him arrested.

News Brief: After nearly 10 years of investigating Greektown businessman Ted Gatzaros, the Michigan Gaming Control Board today awarded him partial ownership in a Detroit casino.

News Brief: Detroit's three casinos oppose closing their doors in the event a state budget stalemate forces a shutdown of government services.

News Brief: A Detroit casino manager was targeted for murder, police said today, and investigators are looking into whether his job was connected to the killing.

News Brief: Fred Paquin will be the new chairman of Greektown Casino.

News Brief: Aaron Payment, who has been chairman of the Greektown Casino Board of Directors since 2004, has been replaced by Fred Paquin, a member of the tribal board of directors and Sault Tribal Police Chief.

Skanska has been named construction manager for the Greektown Hotel and Casino. in Detroit, Michigan

News Brief: The Michigan Gaming Control Board on Tuesday rejected Greektown Casino's request for another year to meet revenue projections, which are likely to fall short because of delays in the construction of its new $200 million facility.

News Brief: Greektown Casino LLC's inability to reach revenue goals established in gaming control board documents could ultimately lead to its sale, casino regulators said Tuesday.

News Brief: The era of pouring tokens into slot machines at the Greektown Casino has been over for some time, but gamblers clinging to the metal pieces have until 11:59 p.m. Thursday to redeem them at face value or keep them as worthless souvenirs.

News Brief: Greektown Casino received final approval Tuesday for its permanent $200 million casino/hotel/entertainment complex.