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Article: Greektown Casino Announces Equity Partner.

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PR Newswire
Article date:
February 1, 2008
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Noted Businessman Tom Celani Purchasing Stake in Casino

DETROIT, Feb. 1 /PRNewswire/ -- Tom Celani, a noted Metro Detroit businessman with two decades of national gaming industry experience, will acquire a significant equity position in Greektown Casino, the Sault Ste. Marie Tribe of Chippewa Indians announced today.

Celani and the Tribe have asked Michigan gaming regulators to approve his purchase of a 22-percent ownership interest in Greektown Casino. The move is designed to enhance casino management and boost Greektown's financial strength relative to its market competitors. The Sault Tribe remains majority owner of the casino.

"Tom Celani ...

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