Making the News

Detroit News

Originally Published:Thursday, January 13, 2011

Barden casinos in debt talks
Bankruptcy lawyers to discuss reorganization of four properties owned by ill businessman

By Mike Wilkinson
Detroit News

"It's imperative that the operators keep their products fresh," said Joseph Weinert, senior vice president for Spectrum Gaming Group, which analyzes the gaming industry.

"If you don't have capital to renovate and your competition does, you're going to find yourself behind the eight ball pretty quickly."

Barden's isn't the only hurt gambling business. Weinert said bankruptcy has enveloped several companies, including those owned by Donald Trump. "It's certainly not uncommon," he said.



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