You know that your city is in bad times when even the casinos start going under. I was not aware that the Greektown Casino was in such dire straights. Apparently, this casino is in bankruptcy and is continuing to run out of cash. It could be out of business by the end of the year unless it solves its liquidity problem, which is not easy to do in current conditions. I guess we shouldn't be surprised by this. The large casino companies in Vegas are having problems, so it makes sense that their breathren in less fortunate parts of the country would be hit even worse.
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1 comment:
I knew about this. Crazy, huh?
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