HomePublicationsNewsletter ArchiveVolume 19Issue 1Greektown Casino Announces Receipt of Proposal for Acquisition

On Wednesday, January 16, 2013, Greektown Superholdings, Inc. announced that it received a proposal for acquisition from Athens Acquisitions LLC, an entity owned by Daniel Gilbert. The acquisition of such interest is ultimately subject to Michigan Gaming Control Board approval.

In a press release issued by Rock Gaming, Chairman Dan Gilbert stated “Our plans are in the early phases, however, we envision significant investment in the Greektown Casino-Hotel, as well as the enhancement and growth of the existing entertainment district.”

In its press release, Greektown Superholdings, Inc. stated that “[t]he Board of Directors of the Company intends to fully review and investigate the proposal and to explore all strategic alternatives available to the Company.”

 

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