Greektown Increases Revenue Year-Over-Year According to Michigan Gaming Control Board
| 08 May 2009 |
DETROIT, May 7 /PRNewswire/ -- Michigan Gaming Control Board (MGCB) announced April earnings today - showing that Greektown was the only casino in the jurisdiction that achieved a year-over-year increase in revenue compared to April 2008. The earnings results released by MGCB also showed Greektown had increased its market share for the third straight month for a total increase of 2.9 percent during that period, announced Greektown officials.
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"In April, for the first time since Greektown filed for bankruptcy, our EBITDA exceeded pre-bankruptcy levels," saidRandall A. Fine , Managing Director of The Fine Point Group and Chief Executive Officer of Greektown. "We are very pleased with the numbers and we're working hard to continually achieve these results month after month. Our year-over-year increase, even though it was small, is very impressive given that the economy today is much worse than it was in April 2008," Fine added. "It shows players in the market are responding to the value we are providing from $99 room rates and a $9.99 buffet to complimentary beverages, new promotions and offers that give our customers more ways to play, more ways to win and more ways to have fun. We are giving our customers what they want."
Located at 555 E. Lafayette Avenue in Detroit's Greektown Entertainment District, Greektown Casino-Hotel opened on Nov. 10, 2000. Readers of The Detroit News and Detroit Free Press have voted Greektown Casino-Hotel Michigan's and Detroit's "Best Casino" numerous times. Greektown Casino-Hotel offers such amenities as their all-new International Buffet, the Eclipz Lounge and a VIP lounge for players. In addition to being named "Best Casino" by readers of The News and Free Press, Greektown Casino-Hotel also placed first in other categories in The News' reader survey, including "Best Slots," "Best Wait Staff Outfits," "Best Craps Tables," "Best Blackjack Tables," "Best High Rollers Area," "Best Casino Restaurant," and "Best Casino Entertainment." Greektown Casino-Hotel opened its new 400-room hotel tower February 2009. For reservations and group events, call 877-GCH-5554 or visit greektowncasino.com.
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"In April, for the first time since Greektown filed for bankruptcy, our EBITDA exceeded pre-bankruptcy levels," said
Located at 555 E. Lafayette Avenue in Detroit's Greektown Entertainment District, Greektown Casino-Hotel opened on Nov. 10, 2000. Readers of The Detroit News and Detroit Free Press have voted Greektown Casino-Hotel Michigan's and Detroit's "Best Casino" numerous times. Greektown Casino-Hotel offers such amenities as their all-new International Buffet, the Eclipz Lounge and a VIP lounge for players. In addition to being named "Best Casino" by readers of The News and Free Press, Greektown Casino-Hotel also placed first in other categories in The News' reader survey, including "Best Slots," "Best Wait Staff Outfits," "Best Craps Tables," "Best Blackjack Tables," "Best High Rollers Area," "Best Casino Restaurant," and "Best Casino Entertainment." Greektown Casino-Hotel opened its new 400-room hotel tower February 2009. For reservations and group events, call 877-GCH-5554 or visit greektowncasino.com.
Media contact: Riley Meredith/James Woodrow Preferred Public Relations (702) 254-5704 riley@preferredpublicrelations.com james@preferredpublicrelations.comSOURCE Greektown Casino-Hotel
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