Skanska To Build Hotel and Casino in Detroit For USD 62.5 M, about SEK 460 M.STOCKHOLM, Sweden -- Skanska (STO:SKAB) has been named construction manager for a new hotel and casino in Detroit, Michigan “Detroit” redirects here. For other uses, see Detroit (disambiguation). Detroit (IPA: [dɪˈtʰɹɔɪt]) (French: Détroit, meaning strait in the US. Skanska's share of the contract amount is USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 62.5 M, about SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 460 M, which will be included in order bookings for the fourth quarter. The customer is Greektown Hotel and Casino. The project involves an addition to the Greektown Casino Greektown Casino Resort (2008) is one of three commercial casinos located in Detroit, Michigan. It is majority owned by the Sault Tribe of Chippewa Indians. The casino, which opened its doors on November 11, 2000, is operated by Millennium Management Group. in central Detroit, including a new 30-story, 400-room hotel, a 3,700-square-meter addition to the existing casino and a 2,800-vehicle parking deck. The total project amount is USD 188 M, about SEK 1.4 billion, of which Skanska's share is 50 percent. The remaining portions were included in order bookings in 2004 and earlier this year. Skanska is carrying out the project in a joint venture with Jenkins Construction, the local construction company. The project is scheduled for completion in late 2008. The casino will remain operational during construction. Greektown Casino is a Native American Casino American Casino is a current American reality television series. The show originally aired on the Discovery Channel, but in June 2005, it was moved to The Travel Channel. in Detroit, Michigan and is open daily 24 hours since first opening in 2000. Prior to the announced expansion, the 7,000-square-meter casino features 2,400 slots and eighty table games. Skanska USA Building Inc. is a leading national and local provider of construction, pre-construction consulting, general contracting and design-build services to a broad range of US industries, including life sciences, healthcare, education, high-tech, aviation, transportation, sports and entertainment. Skanska USA Building also provides pharmaceutical validation services to clients. The company is headquartered in Parsippany, New Jersey, and has approximately 3,700 employees. The company reported sales in 2005 of about SEK 30 billion. This and previous releases can also be found at www.skanska.com Skanska is one of the world's leading construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. The Group currently has 54,000 employees in selected home markets in Europe, in the US and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. , Skanska's sales in 2005 totaled USD 17 billion. This information was brought to you by Waymaker http://www.waymaker.net |
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