Dan Gilbert’s Rock Gaming To Become Majority Owner Of Greektown Casino-Hotel
Rock Gaming, the Detroit-based gaming partnership announced today that one of its affiliated companies, Athens Acquisition LLC, has entered into an agreement to acquire a majority interest in Greektown Superholdings Inc., owner of the Greektown Casino-Hotel located in downtown Detroit. The acquisition, which is subject to Michigan Gaming Control Board (MGCB) approval, is expected to provide Athens Acquisition with majority voting control of the casino, hotel and related assets.
“Our plans are in the early phases, however, we envision significant investment in the Greektown Casino-Hotel, as well as the enhancement and growth of the existing entertainment district. We see this unique area extending to Campus Martius and along Woodward Avenue building on the positive momentum already occurring in the heart of downtown Detroit,” said Rock Gaming Chairman Dan Gilbert.
Rock Gaming has partnered with Caesars Entertainment to operate Horseshoe Casino Cleveland, which opened in May 2012, and Horseshoe Casino Cincinnati, which is scheduled to open in March. Caesars will not play a role in Greektown.
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