Greektown Hires Firm to Turn Around Casino Operations

After months of financial struggles and bankruptcy proceedings, Greektown Casino has hired a Las Vegas-based firm to turn around operations at the downtown casino.

Pending approvals from the Michigan Gaming Control Board and the U.S. Bankruptcy Court, the Fine Point Group will try to boost profitability and improve operations at the casino, which filed for Chapter 11 bankruptcy protection in May 2008.

"We are known for extracting value from existing assets," said Randall A. Fine, managing director for Fine Point. "Our job is to maximize the value of the enterprise by improving profitability ... our firm is known for increasing revenues."

For the complete story, please see Mary Francis Masson, Greektown hires turnaround firm, Detroit Free Press, January 6, 2009.