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Greektown Casino-Hotel completes First Phase of Remodel

PRESS RELEASE

September 12, 2011

Greektown Superholdings, Inc. announced the completion of the first phase of the remodeling of Greektown Casino. The grand opening on Friday, September 23 will showcase a completely renovated 10,000 square foot area in the center of the casino, now known as the "superpit." This project consolidates three separate table game pits into one central location in the middle of the gaming floor, providing better access to both tables and slots. It also improves sightlines throughout the entire main casino level with the removal of several interior walls. The "superpit" is one of several areas improved since the remodeling began in June. Also completed at this time are the remodeling of the Apollo Bar, now called The Fringe, a new first floor VIP promotions area and cage and club booth. Other phases of the remodeling expected to be completed by December 15 include a brand new bar/lounge and entertainment facility, as well as a new quick-serve food and beverage outlet on the first floor. The plans also call for a complete renovation of several main restroom areas.

Michael Puggi, Greektown's chief executive officer said, "We are continuing to work to improve the gaming and entertainment experience for our customers. The superpit along with the other improved areas throughout the casino, create a new look and feel to our facility, which has to be seen to be fully appreciated. Other phases of our renovation plans are well underway. As with any renovation, there is some short-term disruption to our business, but we are confident that the changes which are underway will provide meaningful shareholder value over the long term. We also look forward to breaking ground on our new 850-car valet parking facility early next year, subject to obtaining the necessary financing and regulatory approvals."

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