UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,
DC 20549



FORM 10-K/A



(Mark One)

xANNUAL REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



FOR THE FISCAL YEAR ENDED DECEMBER 31, 2011



OR



 ̈TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



GREEKTOWN
SUPERHOLDINGS, INC.

(Exact name of registrant as specified in
its charter)



|Delaware                        |  | 27-2216916         
|------------------------------- |  | -------------------
|(State or other jurisdiction of |  | (I.R.S. employer   
|incorporation or organization)  |  | identification no.)



Commission file number: 000-53921



555 East Lafayette
Detroit, Michigan 48226(Address of principal executive offices and zip code)



(313) 223-2999(Registrant’s telephone number, including area code)



Securities to be registered pursuant to Section
12(b) of the Act:None



Securities to be registered pursuant to Section
12(g) of the Act:Common Stock, par value $0.01 per share
Preferred Stock, par value $0.01 per share
Warrants



(Title of class)



Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act. Yes  ̈ No x



Indicate by check mark if the registrant is not required to file
reports pursuant to Section 13 or Section 15(d) of the Act. Yes  ̈ No x



Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days.

Yes x No  ̈



Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule
405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files).

Yes x No  ̈



Indicate by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge,
in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.

Yes  ̈ No S



Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated
filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check
one):



|Large accelerated filer  ̈ |  | Accelerated filer  ̈ |  | Non-accelerated filer  ̈                       |  | Smaller reporting company x
|------------------------- |  | ------------------- |  | --------------------------------------------- |  | ---------------------------
|                          |  |                     |  | (Do not check if a smaller reporting company) |  |                            



Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Act).

Yes  ̈ No x



Indicate by check mark whether the registrant
has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent
to the distribution of securities under a plan confirmed by a court.

Yes x
No  ̈





As of June 30, 2011, the aggregate market value of the registrant’s
common stock held by non-affiliates of the registrant was $12,706,110. As of December 31, 2011, there were 152,054shares of Series A-1 Common Stock, $0.01 par value, and 0 shares of Series A-2 Common Stock, $0.01 par value, outstanding.


















Explanatory Note





Greektown Superholdings, Inc. (the
“Company”) is filing this amendment (this “Amendment”) to our Annual Report on Form 10-K for the fiscal
year ended December 31, 2011 (the “Initial Filing”), filed with the SEC on March 30, 2012, (i) to amend and
restate Item 9A of Part II, “Controls and Procedures,” to provide the disclosures required by Item 308 of Regulation
S-K and amend the Company’s “Evaluation of Disclosure Controls and Procedures” to reflect the deficiency in management’s
report on “Internal Control Over Financial Reporting” as originally filed on the Initial Filing and (ii) to correct
inadvertent omissions in Exhibits 31.1 and 31.2 to the Initial Filing.

This Amendment should be read in
conjunction with the Initial Filing, which continues to speak as of the date of the Initial Filing. Except as specifically noted
above, this Amendment does not modify or update disclosures in the Initial Filing. Accordingly, this Amendment does not reflect
events occurring after the filing of the Initial Filing or modify or update any related or other disclosures.

ITEM 9A. CONTROLS AND PROCEDURES



Evaluation of Disclosure Controls and Procedures

As required by Rule 13a-15 under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), the Company carried out an evaluation under the supervision
and with the participation of the Company’s management, including our President (Chief Executive Officer) and Senior Vice
President (Chief Financial Officer), of the effectiveness of the Company’s disclosure controls and procedures as of December
31, 2011. In designing and evaluating the Company’s disclosure controls and procedures, the Company and its management recognize
that there are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility
of human error and the circumvention or overriding of the controls and procedures. Accordingly, even effective disclosure controls
and procedures can only provide reasonable assurance of achieving their desired control objectives. Additionally, in evaluating
and implementing possible controls and procedures, the Company’s management was required to apply its reasonable judgment.
Based upon the required evaluation, our President (Chief Executive Officer) and Senior Vice President (Chief Financial Officer)
concluded that as of December 31, 2011, the Company’s disclosure controls and procedures were not effective to ensure that
information required to be disclosed by the Company in the reports it files or submits under the Exchange Act is (i) recorded,
processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and
forms and (ii) accumulated and communicated to its management, including the President (Chief Executive Officer) and Senior
Vice President (Chief Financial Officer) as appropriate, to allow timely decisions regarding required disclosure.

The determination that our disclosure
controls and procedures were not effective was the result of an administrative error, due to an insufficiently detailed compliance
verification process relative to certain Regulation S-K disclosures, causing management’s report on internal control over
financial reporting not to meet the requirements of Item 308 of Regulation S-K in the initial filing (the “Initial Filing”)
of our Annual Report on Form 10-K for the year ended December 31, 2011. Management conducted an evaluation of the effectiveness
of our internal control over financial reporting based on the framework in Internal Control - Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway Commission (the “COSO Framework”) and concluded that our
internal control was effective at December 31, 2011; however, we did not properly disclose, in the Initial Filing, management’s
responsibility for establishing and maintaining adequate internal controls over financial reporting under an appropriate framework,
nor our conclusion regarding the effectiveness of our internal control over financial reporting. The required additional disclosure
is contained in this Amendment.

Internal Control over Financial Reporting

Management is responsible for
establishing and maintaining adequate internal control over financial reporting (as such term is defined in Exchange Act Rule
13a-15(f) and 15d-15(f)) for the Company. The Company designs and maintains accounting and internal control systems to provide
reasonable assurance at reasonable cost that assets are safeguarded against loss from unauthorized use or disposition, and that
the financial records are reliable for preparing financial statements and maintaining accountability for assets.







Because of its inherent limitations,
internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluations of effectiveness
to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.

Management evaluated, under the supervision
and with the participation of the Company’s President (Chief Executive Officer) and Senior Vice President (Chief Financial
Officer), the effectiveness of the design and operation of the Company’s internal controls and procedures with respect to
financial reporting as of December 31, 2011, based on the COSO Framework. Based upon that evaluation, the Company’s President
(Chief Executive Officer) and Senior Vice President (Chief Financial Officer) concluded that the Company’s internal controls
and procedures with respect to financial reporting were effective as of December 31, 2011.

The Initial Filing, as amended by this
Amendment, does not include an attestation report of the Company’s registered public accounting firm regarding internal control
over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant
to an exemption under Section 989G of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Changes in Internal Control over Financial Reporting

There was no change in the Company’s
internal control over financial reporting that occurred during the year ended December 31, 2011 that has materially affected, or
is reasonably likely to materially affect, the Company’s internal control over financial reporting.





PART IV

Item 15. Exhibits, Financial Statement Schedules.



(a)(3) Exhibits.



31.1 Certification by Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2 Certification by Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.













SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.





| | GREEKTOWN SUPERHOLDINGS, INC.
| | -----------------------------
| |                              
| | By:                          
| | Name:                        
| | Title:                       
| | Date:                        








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