According to an article published 12.10.08 in the Detroit News:
On 12.05.08 both Standard & Poor's and Moody's lowered the credit ratings of and raised default concerns related to Ilitch-owned CCM Merger, Inc., the parent of Detroit Entertainment LLC, which does business as MotorCity Casino. Both ratings firms placed CCM Merger on Negative watch lists.
- "Year-to-date casino revenues are up for Detroit's gaming market as a whole, but only because of large gains at MGM Grand; both MotorCity and Greektown are taking in less revenue this year than they did in 2007." (Complete Story)
On 12.05.08 both Standard & Poor's and Moody's lowered the credit ratings of and raised default concerns related to Ilitch-owned CCM Merger, Inc., the parent of Detroit Entertainment LLC, which does business as MotorCity Casino. Both ratings firms placed CCM Merger on Negative watch lists.
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