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Gatzaros awarded piece in Detroit casino23 October 2007DETROIT, Michigan -- As reported by the Detroit News: "After nearly 10 years of investigating Greektown businessman Ted Gatzaros, the Michigan Gaming Control Board today awarded him partial ownership in a Detroit casino. "By a unanimous vote, the board approved Gatzaros' application to become a 1 percent owner in Greektown Casino. Before the vote, board members said they could find no reason to reject the request. "...Gatzaros and his partner Jim Pappas were instrumental in pushing casino gambling in Detroit in the 1990s. "...Following an investigation, however, the Gaming Board indicated a license to the pair would not be approved. Gatzaros and Pappas ultimately ended up selling their interest to the Sault Ste Marie Tribe of Chippewa Indians. "...With the board's decision today, Gatzaros has agreed instead to take 1 percent ownership in the casino..." |