Business Deals
Soo Tribe seeks extension for sale of Detroit casino
Tuesday, November 18, 2008
A federal bankruptcy judge held a hearing to discuss the future of the commercial casino that is majority owned by the Sault Ste. Marie Tribe of Chippewa Indians of Michigan. The tribe plans to sell the Greektown Casino in Detroit but is seeking an extension in order to complete work on the facility. The Michigan Gaming Control Board opposes the extension and wants to affirm that it has the right to force a sale. Judge Walter Shapero did not rule on the matter but called another hearing next Tuesday to review the issue. He previously set a deadline of December 15 for the tribe to finalize the casino's bankruptcy plans. The hotel at the facility won't be completed until February 12, 2009. Get the Story:
State tips hand on Greektown (The Detroit News 11/18)
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