The Greektown Casino in Downtown Detroit first opened in 2000.
DETROIT—The partnership of New York City-based VICI Properties, Inc. and Penn National Gaming, Inc. of Wyomissing, PA has completed the $1-billion purchase of the Greektown Casino Hotel in Downtown Detroit.
VICI Properties has completed the purchase of the land and real estate assets of the Greektown Casino-Hotel for approximately $700 million in cash, with Penn National Gaming acquiring the operating assets for approximately $300 million in cash. The deal for the property was originally announced in November 2018.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
