Hotels, Restaurants and Leisure
Company Overview of Greektown Superholdings Inc.
Company Overview
555 East Lafayette
Detroit, MI 48226
United States
Founded in 2010
1,800 Employees
Key Executives for Greektown Superholdings Inc.
Greektown Superholdings Inc. Key Developments
Greektown Superholdings Inc. announced that Daniel Gilbert and Matthew Cullen have been appointed to serve on the Board of Directors of the Company, effective May 20, 2013. In addition, Mr. Gilbert will serve as Chairman of the Board and Mr. Cullen will serve as Vice Chairman of the Board.
Greektown Superholdings Inc. announced that James Barrett, John Bitove and Yvette Landau have each communicated to the company their intent to resign, effective May 17, 2013, from the Board of Directors of the company and its subsidiaries as well from all board committees on which they serve.
Greektown Superholdings Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenues of USD 81,078,000 compared to USD 91,838,000 a year ago. Income from operations was USD 5,776,000 compared to USD 14,939,000 a year ago. Loss before income taxes was USD 9,409,000 compared to income before income taxes of USD 504,000 a year ago. Net loss was USD 11,155,000 or USD 100.70 basic and diluted per share compared to USD 1,252,000 or USD 38.09 basic and diluted per share a year ago. Net cash used in operating activities was USD 3,506,000 compared to USD 1,399,000 a year ago. Capital expenditures were USD 7,529,000 compared to USD 3,294,000 a year ago. EBITDA was USD 12,948,000 compared to USD 23,627,000 a year ago.
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