Greektown Casino seeks buyer; CEO retires
UPDATED AT 5:26 P.M.: Greektown Casino has hired an investment bank to seek out buyers for the bankrupt casino. A sale is one of the casino’s options for exiting Chapter 11, and the more likely option.
Related Casino News:
- Greektown Casino on a roll
- GAMBLING: Greektown Casino revenue up 14.6%
- Greektown Casino lays off 89 people; more cuts to come
- Greektown Casino marks a milestone with gaming expansion
- New partner injects cash into Greektown Casino
- No forced sale for Greektown Casino
- Potential buyer of Atlantic City casino chosen
- Greektown Casino: Bankruptcy won’t stop project
- Greektown Casino files for bankruptcy
- Report card
- Greektown Casino financing questioned
- Greektown Casino’s owner to lay off 2% of workers
Interesting gambling information:
- Keno, the casino version of lotto, originated in China nearly 2000 years ago when Cheung Heung devised a lottery as a way of raising funds for his province's army.
- In 1973, the Commission on the Review of National Policy toward Gambling was created to study gambling in the United States.
- Dice games have existed in one form or another for over 2000 years and were originally played with dice fashioned from the knucklebones of sheep.
- Gaming is now the States' favorite pastime. More individuals gamble than the combined total of those attending movies, sports, music events, theme parks and live entertainment.
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