Greektown Casino hires consulting service, CEO for Detroit facility

By Caroline Salls

Pittsburgh, Jan. 5 - Greektown Casino, LLC's management board has hired Isle of Capri Casinos, Inc. to provide marketing and operational consulting services to Greektown Casino-Hotel in Detroit through the completion of Greektown's Chapter 11 reorganization process, according to a news release.

"We firmly believe in the upside potential of Greektown, and the team now in place has the skills and experience to help guide the management through the remainder of the reorganization," Isle of Capri president and chief operating officer Virginia McDowell said in the release.

Cliff Vallier has been named as the property's chief executive officer, effective immediately.

Both hirings are subject to approval from the U.S. Bankruptcy Court for the Eastern District of Michigan and the Michigan Gaming Control Board.

"This new leadership has the extensive experience and demonstrated ability necessary to boost the performance of the property over the long term," Greektown Casino-Hotel management board member Jake Miklojcik said in the release.

"As we look to the future and continue to seek opportunities to improve performance, maximize profits and minimize costs, Mr. Vallier and Isle of Capri know the Midwest market, they know casino management and they are positioned to take the property to the next level."

Vallier has been with Greektown Casinos for the past seven years, serving as its chief financial officer/assistant general manager, interim CEO, vice president of finance and senior director of finance.

Greektown Holdings, LLC, a Detroit casino operator, filed for bankruptcy on May 29, 2008. Its Chapter 11 case number is 08-53104.

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