Greektown Casino expects to lose approximately $15.6 million in 2008, due to expected expenses of $20 million relating to its bankruptcy filing last week.
The casino's bankruptcy filing was, in part, due to a condition of its lender, Merrill Lynch, which would not extend further credit without the protection of a bankruptcy filing.
The casino has approximately $560 million in debt to lenders, bondholders, and former owners Ted and Maria Gatzaros.
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