Greektown Mayhem
Greektown Casino reports falling revenue
By MARGARITA BAUZA • FREE PRESS STAFF WRITER • July 11, 2008
Greektown Casino’s revenues fell to its lowest since 2001, the first full year the casino was open.
The casino, which filed for bankruptcy protection on May 29, reported revenues of $23.2 million for the month of June, the lowest of Detroit’s three casinos. Greektown reported $23.2 million, down from $28.5 million in June 2007.
Greektown spokesman Roger Martin said customers had the mistaken perception that the casino was closed immediately after it filed for bankruptcy protection at the end of May.
“The fact is we have remained open for business as usual, winners are getting paid without delay, and we urge people to come on down because the action and fun continue,” Martin said, adding that construction on I-375 has ended, which makes the casino more accessible.
Only MGM Grand Detroit’s revenues were up. It reported $48.7 million in June, up from $38.6 million of June 2007.
Revenues for Motor City were also down this June over the same month last year. It reported $38 million, down from $42.3 million in June 2007.