Pharma Investments, Ventures & Law Weekly
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Greektown Casino
Greektown Casino Sets Record Straight
December 7th, 2008
The following can be attributed to Joe McCoy, Chairman, Greektown Casino Management Board. McCoy is commenting on recent developments and reports of Greektown Casino's Chapter 11 reorganization. Contrary to certain exaggerated claims you may have read or heard in the news media, Greektown Casino is open for business, will continue to be open for business, and is not in danger of "running out of cash" and "closing in December." Such claims are false. It is widely known that in May, Greektown Casino filed for Chapter 11 bankruptcy protection, a process that allows a company to continue operating normally while reorganizing its business debt and...
Source: Pharma Investments, Ventures & Law Weekly (2008-12-07)
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