Greektown Casino files for bankruptcy
Greektown Casino has filed for bankruptcy reorganization, a move that effectively blocks the Michigan Gaming Control Board from forcing a sale of the gambling hall. It also allows the casino to continue operations while it refinances millions of dollars of loans needed to finish the casino expansion and construction of a full-service 400-room hotel.
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Casino gambling information:
- The brand new resort, Wynn Las Vegas recently opened on the Las Vegas Strip. At a cost of approximately $2.7 billion, the Wynn Las Vegas features 2,700 guestrooms and suites, casino (table games, over 1900 slots/video poker machines, poker room with race and sports book), several restaurants, a night club, golf, a shopping esplanade and a show called Le Reve.
- In 1911, the state of California ruled that "draw" poker was a skill, and thus could not be banned under existing anti-gambling laws. However, "Stud" poker was still considered illegal at the time.
- In 1973, the Commission on the Review of National Policy toward Gambling was created to study gambling in the United States.
- Although the Greeks had a profound understanding of mathematics they had no concept of probability, and assumed that the outcome of games of chance was due to the will of the gods.
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