Detroit News - Page 13

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Greektown expected to lose $15.9 million

6 June 2008

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.

Greektown emergency financing approved

5 June 2008

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.

MotorCity selects KoolConnect system

4 June 2008

KoolConnect Technologies Inc. reports that its world-renowned Intrigue System is currently in operation at MotorCity Casino Hotel in Detroit.

Tribal chairman responds to Greektown bankruptcy

3 June 2008

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.

Greektown Casino falls into Chapter 11 bankruptcy

30 May 2008

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.

Greektown given June 10th deadline

14 May 2008

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.

Greektown finds buyers

7 May 2008

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.

MGM Grand in Detroit sees March revenues rise

11 April 2008

New Brief: Revenue for all three Detroit casinos for the month of March was up .02% compared with the same month last year, led by the MGM Grand Detroit, which reported $50.2 million in revenues in March.

MotorCity gets into the playoff spirit

9 April 2008

To show its support of the Detroit Red Wings and the Detroit Pistons, MotorCity Casino Hotel will shine red on all Red Wings game days and red and blue on all Pistons game days during the 2007-08 playoff seasons.

Greektown owners face forced sale

8 April 2008

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.

MGM Grand Detroit exec honored by NAACP

7 March 2008

The Washington, D.C. chapter of the National Association for the Advancement of Colored People has honored Lorenzo Creighton, President & COO of MGM Grand Detroit.

MGM Grand Detroit wins award

6 February 2008

MGM Grand Detroit has been awarded the prestigious distinction of "Development of the Year 2007" by the 2008 Americas Lodging Investment Summit.

Greektown Casino announces equity partner

1 February 2008

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

Detroit casinos hit wall

23 January 2008

News Brief: A trio of casinos hit a wall in Detroit, leaving the cash-strapped city reeling from plummeting gambling revenues and sending a harsh warning to Massachusetts.

Detroit casinos add music to the mix

3 January 2008

News Brief: As Detroit's gaming houses ease into their next phase, moving from temporary facilities into permanent homes, music is an increasingly important part of the picture.

Top-10 Casinos for Slots

21 December 2007

If slots are your game, this is the list for you as we rank the Top-10 casinos by the number of slot machines they feature.

Assault case topples Greektown Casino chairman

13 December 2007

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.

MGM Grand Detroit makes the list

29 November 2007

In its annual hotel guide, Gayot.com has named MGM Grand Detroit one of its Top 10 New U.S. Hotels of 2007.

MotorCity ready for opening

28 November 2007

News Brief: MotorCity Casino staff is working overtime to get ready for the casino's grand opening.

MotorCityCasino reinvents Detroit skyline

21 November 2007

The Detroit skyline was completely reinvented today as the sweeping stainless steel roof of the new MotorCityCasino Hotel was completed while high-intensity programmable LED light tubes illuminated the exterior of the new landmark.

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