Detroit News - Page 12

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Greektown Casino names two executives

21 April 2009

Randall A. Fine has been confirmed as the casino's CEO and Amanda Totaro has been confirmed as Vice President of Marketing.

Man arrested in Detroit casino bomb scare

20 April 2009

News brief: A 70-year-old man was arrested after police say he left seven suspicious packages in the Motor City Casino garage Sunday.

Iverson banned at two Detroit casinos

14 April 2009

News brief: The NBA superstar has been banned from the MGM and Greektown casinos for "improper behavior."

Greektown Casino introduces $50,000 promotion

13 April 2009

Club Greektown members eligible to win their share of $50,000 in cash prizes in the Detroit casino's “$50,000 Table Games Cash Giveaway” promotion.

Greektown Casino increases Detroit market share

8 April 2009

The Detroit casino increased its market share for the second consecutive month from 23.5% in February to 25.0% in March.

MGM Mirage to sell Biloxi, Detroit resorts

7 April 2009

The casino operator has hired Morgan Stanley to evaluate sales offers for the MGM Grand Detroit and the Beau Rivage.

Greektown fighting a losing battle

6 April 2009

News brief: The Detroit casino sees gamblers spend close to $1 million a day but has $777 million in debt and is in bankruptcy.

UNC's Ty Lawson enjoying Detroit casinos

3 April 2009

News brief: UNC's star point guard says that he won about $250 playing craps at the Greektown Casino in Detroit.

Detroit says Greektown in default

25 March 2009

News brief: A city attorney says that Detroit wants to negotiate a new deal with any new owner of Greektown Casino.

Detroit casinos see profit surge

11 March 2009

News brief: The three casinos in the Detroit market saw February revenues increase by more than 9% from January.

No slots for Michigan race tracks

26 February 2009

News brief: A federal judge rejected a bid by Michigan horse tracks to overturn an initiative that prevents the tracks from installing slot machines.

Judge allows Detroit casino to borrow needed cash

5 February 2009

News brief: A U.S. Bankruptcy judge ruled that Greektown Casino can borrow the money it needs to complete its new 400-room hotel.

Detroit casino says it needs $46 million

2 February 2009

News brief: Greektown Casino might halt operations unless it is able to borrow $46 million to stay open and finish a 400-room hotel.

Revenue drops at three Detroit casinos

13 January 2009

News brief: December revenue at Greektown, MotorCity Casino and MGM Grand all dropped but yearly revenues were up by 1.84%.

Greektown seeks new owner

9 October 2008

News brief: Greektown Casino has hired an investment bank to seek buyers for the casino, which a consultant said is the preferred option for the casino's exit from Chapter 11.

Creditors object to Greektown deal

15 August 2008

News Brief: Greektown Casino, which is in bankruptcy reorganization, shouldn't get an exclusive right until June 1 to file a turnaround plan, a group of creditors and a U.S. government representative told a judge.

Greektown on track

13 August 2008

News Brief: Greektown Casino is on track to complete construction of its new hotel-casino-resort complex in time to meet deadlines imposed by creditors as part of its agreement to exit bankruptcy.

Greektown reports layoffs

1 August 2008

News Brief: Greektown Casino majority owner, the Sault Ste. Marie Tribe of Chippewa Indians, is laying off 2% of its 2,000-member workforce as the tribe struggles with a $15-million deficit.

Greektown construction reaches milestone

30 July 2008

News Brief: On Wednesday Greektown Casino will mark the final pour of concrete to its new 30-story, 400-room hotel currently under construction.

Casino workers can't beat system

14 July 2008

News Brief: Some employees of Detroit's three casinos think they can beat the system that's in place to protect their workplace against cheats and thieves.

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