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Posted: Wednesday, 14 May 2008 1:30PM

State wants casino to show why it shouldn't force sale


The Michigan Gaming Control Board says Detroit's Greektown Casino has less than a month to show why the state shouldn't force the sale of the cash-strapped casino. The board on Tuesday set the deadline for Greektown Casino, which hasn't met state-mandated financial goals. The Detroit Free Press and The Detroit News report it's unclear whether a deal announced last week to sell a 40 percent stake in the casino will go through swiftly. The casino says that deal will help fix its problems. Entertainment Interests Group LLC of Bloomfield Hills signed a purchase agreement to invest $100 million in the struggling gambling operation. The Sault Ste. Marie Tribe of Chippewa Indians is the majority owner of Greektown Holdings LLC.

   
     

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