Monday, March 30, 2009

one more word about the greektown.

Looks like the Greektown could have a new owner, according to the Detroit Free Press:

Celani aims to buy Greektown Casino
BY MARY FRANCIS MASSON

Tom Celani, a Bloomfield Hills businessman and investor, is trying to buy Greektown Casino in downtown Detroit.
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Celani, who was an initial investor in MotorCity Casino, has partnered with Plainfield, a Connecticut-based hedge fund, to bid for Greektown, which is being marketed to buyers through bankruptcy proceedings.
Read more.

Call me a neophyte, but how a casino goes bankrupt is beyond me.

BEYOND me!