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November 21st, 2009
The Detroit City Council voted 6-2 Friday to approve a $250-million fiscal stabilization bond sale that will allow the city to pay off its short-term debt and restructure its long-term financial obligations. The bond sale is part of Mayor Dave Bing's ...
November 20th, 2009
Those include accessing $20 million from a DTE Energy escrow account and an $8-million bankruptcy settlement agreement from Greektown Casino that was already rejected by Council last month. Corley also pointed to the plans non-specifics, such as $10 ...
November 19th, 2009
Canton — the township that rocks. Doubt it? Don't. Detroit's own Howling Diablos, a bluesy, soulful rock group that headlines its own shows and has opened for the likes of George Clinton's Parliament-Funkadelic, Alice Cooper, Incubus and ZZ Top, is ...
November 16th, 2009
Bally Technologies, Inc. (NYSE:BYI), a leader in slots, video machines, and casino-management systems for the global gaming industry, today announced that Greektown Casino-Hotel in Detroit, Mich., a $350 million casino property managed by The Fine ...
November 19th, 2009
Alex Calderone, a financial adviser to Greektown Casino in Detroit, added that the very word "bankruptcy" has negative connotations that spook employees, customers and vendors. "It's not good for business," Calderone said. "Market share slides 10 ...
November 18th, 2009
Detroit Mayor Dave Bing is struggling to save his city from fiscal calamity. Unemployment is at a record 28% and rising, while home prices have plunged 39% since 2007. The 66-year-old Bing, a former NBA all-star with the Detroit Pistons who took ...
November 19th, 2009
Detroit --Greektown Casino-Hotel's chief marketing executive left her post this week after deciding to withdraw an application for licensure by the Michigan Gaming Control Board. The departure of Amanda Totaro comes just 10 months after she started ...
November 15th, 2009
LAS VEGAS--( BUSINESS WIRE )--Bally Technologies, Inc. (NYSE:BYI), a leader in slots, video machines, and casino-management systems for the global gaming industry, today announced that Greektown Casino-Hotel in Detroit, Mich., a $350 million casino ...
November 16th, 2009
Ford Motor Co. , two weeks after posting a surprise $997 million third-quarter profit, closed Monday at its highest price in more than two years. Ford, the only major U.S. automaker to avoid bankruptcy, rose 30 cents, or 3.6 percent, to $8.71 in New ...
November 20th, 2009
The Greektown Casino is just one of many casinos that had to choose the option of bankruptcy during the economic recession. There is now a plan in place, however, that would have the casino emerge from bankruptcy at the end of June next nest ...
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