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National  + Michigan  + Retail  |  May 28, 2019
Dennis Kaiser
By: Dennis Kaiser

VICI Finalizes $1B Acquisition of Detroit’s Greektown Casino-Hotel

New York-based VICI Properties Inc. completed the previously-disclosed acquisition of the Greektown Casino-Hotel in downtown Detroit from Dan Gilbert’s Jack Entertainment LLC for roughly $1 billion.

VICI will take control of the land and real estate assets for roughly $700 million. Wyomissing, PA-based Penn National Gaming is getting the operating assets for roughly $300 million, and will serve as the casino operator.

Opened in 2000, Greektown Casino-Hotel is the only casino in the heart of downtown Detroit. The property includes a AAA Four Diamond 400-room, luxury high-rise hotel with 14,000 square feet of event and catering space. The casino features 100,000 square feet of casino space, roughly 2,700 gaming machines and 60 table games, a poker room, three restaurants, seven fast casual food outlets, four bars and a coffee shop.

Last week, the Michigan Gaming Control Board approved the sale and VICI Properties as a licensed gaming supplier.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.
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