Casinos

A life well lived resonates long after a person is gone.

Greektown Casino-Hotel posted all-time highs for both profit and revenue in June, announced casino officials today. Projected EBITDAR (Earnings before Interest, Taxes, Depreciation, Amortization, and Restructuring Expenses) for June 2009 is expected to be more than three times as high as June 2008, and the highest ever in the month of June for Greektown. Revenue for June was also up year-over-year by 24.2 percent, the third-straight month the property has surpassed 2008 numbers. Finally, Greektown once again gained market share, capturing nearly another percent of the Detroit market. The positive results all came on the heels of a stellar May, when Greektown posted a 7.2 percent year-over-year revenue increase while the overall gaming market in Detroit saw a 4.2 percent decline.