Item 8.01 Other Events

     The Michigan Gaming Control Board (“MGCB”) announced yesterday the December 2010 adjusted revenues for each of the Detroit casinos, including Greektown Superholdings, Inc (the “Company”). In response to investor questions, the Company prepared a reconciliation of such adjusted revenues announced by the MGCB with the estimated net casino revenues of the Company as determined in accordance with U.S. generally accepted accounting principles (“GAAP”) for the month of December 2010. As set forth in the table below, Greektown’s estimated net casino revenues for the month of December 2010, as determined in accordance with GAAP, were approximately $25,221,000 as compared with $26,820,000 for the month of December 2009, representing a decline of approximately 6%. The revenues reported by the MGCB, which are derived from the data used to calculate the Michigan gross gaming receipts tax, reflect a 12.1% year over year decline for the month of December. The largest component of the difference between the MGCB reported adjusted revenues and the net casino revenues as determined in accordance with GAAP relates to the Company’s share of a wide area progressive jackpot that was paid during the month of December 2010. The payment of this jackpot amount did not reduce revenues as calculated in accordance with GAAP during the month of December 2010, because the jackpot amount was recorded as a reduction to revenues for GAAP purposes in earlier periods. The revenue data below is preliminary and subject to change based upon the finalization of our year end accounts.

Greektown Casino & Hotel
December 2010, 2009 Reconciliation of Net Casino Revenue (GAAP) to
MGCB Adjusted Revenues

* Participation expenses are royalty fees paid to the slot machine manufacturers and are netted against slot revenues. Point redemption expenses are expenses related to the loyalty program where guests can redeem points earned through play for cash.