MORE OHIO NEWS
News from the region's first prime-time newscast. You'll find it First On Fox!
DETROIT CASINO RENOVATION
Greektown Casino-Hotel scales back $150 million renovation to $25-50 million in improvements
Reported by: Associated Press
Reported: Tuesday, May 27, 2014 6:54 AM EDT
Greektown Casino-Hotel in downtown Detroit is scaling back a $150 million renovation plan to work totaling $25 million to $50 million.
Improvements by the second half of 2015 are to include new slot machines, carpets, and heating, ventilation and air conditioning work.
Rock Ventures spokeswoman Jennifer Kulczycki says the renovations seek "an immediate impact."
Alex Calderone, a casino restructuring expert with Birmingham-based Calderone Advisory Group LLC, says Detroit's gambling market is saturated. The city's three casinos have seen increased competition from Ohio casinos as well nearby Windsor, Ontario.
Information from: The Detroit News, http://detnews.com/