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| Board holds special meeting with Greektown Casino L.L.C.'s Management to consider the final financing agreement
Contact:
Eric Bush (517) 241-0136
Agency:
Gaming Control Board
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The Board held a special meeting Friday to consider the approval of the final financing agreement of the casino loan, in the amount of $98.7 million, to complete the permanent Greektown hotel and casino. The Board approved the financing.
Rick Kalm, the executive director of the Michigan Gaming Control Board stated; " the Board will continue to monitor closely the Greektown casino's compliance to previous Board orders, financial agreements, and hotel and casino construction."
Greektown Casino filed for Chapter 11 in May to complete their construction project. The casino is open for business and expects to emerge from bankruptcy protection in September 2009.
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