Now...think about it. Who is on the Greektown management board and think about the actions that have taken place over the last several months? Think about who the Greektown management board (that includes Cathy Abramson, Lana Causley, DJ Hoffman, Joe Eitrem, etc..) wanted as CEO of Greektown as well as who they didn't want. Also, point of interest, who have the above tried to protect recently and where is Fred Paquin now?
Why is Bouschor so desperate to get back on the board which will most likely place him on the Greektown Management Board if he is successful? Who was behind Gatzaros and made so many dirty deals? Who had so many business failures?....Bouschor. Were they really failures?
Now think about who has fought for Bouschor's return and the end of the lawsuit against him....well Hallelujah!!!....the above mentioned directors.
Now anyone with more than 5 brain cells can piece this together. Get Payment out, get Bouschor back in even if they have to corrupt the election, overturn the vote of the members, violate the constitution....millions at stake. A little common sense applied and the answers are all there in front of us.
Lynne Weaver
"s. m.kill"
http://www.michigan.gov/dleg/0,1607,7-154-35299_36737---S,00.html
As I have been saying. This deal is the worst deal in history. Open the attached file and you can see the revenues (reported by the State of Michigan Gaming Control Board) as to why we are getting ripped off and why everyone needs to know what is going on.
Even if they assumed 265 million in debt, just look at what the casino brings in MONTHLY and then tell me that 265million is a lot compared to what kind of revenue Greektown is making. We are selling 40% of a company that makes OVER 1 BILLION dollars per year. That is BILLION with a “B”. Guys, somebody is getting rich and somebody is getting ripped off and guess what, it is our tribe and we are all a part of it. We are not even getting 1.00 per share………
If we have not yet heard about everything else that was associated with the deal, then so be it. Who's fault is that? Our council works for the people of the tribe and we should all be aware of this deal BEFORE it even happened.Our council should be communicating this type of thing to its membership, that is their job after all.
There better be a hell of a lot more than they assumed 265 million in debt because they inherited BILLIONS in assets.
Where has all of this money from Greektown gone since its inception? I don't see it.. Follow the money and you will find out who is pushing for this sale and why they are pushing for it.
What other bids are on the table? Why were the members of the tribe kept from knowing this information? Why are all the aspects of this deal being kept secret?
Something stinks here.
Below is the link to the Michigan control boards here I got this information.
Calendar Year 2007
MGM GRAND DETROIT
MOTORCITY CASINO
GREEKTOWN CASINO
All Detroit Casinos
Month
Total Adjusted Revenue
State Wagering Tax (12.1%)*
Total Adjusted Revenue
State Wagering Tax (12.1%)*
Total Adjusted Revenue
State Wagering Tax (12.1%)*
Total Adjusted Gross Receipts
Total State Wagering Tax (12.1%)
January
$40,503,320.38
$4,900,901.77
$40,452,401.96
$4,894,740.64
$28,439,733.74
$3,441,207.78
$109,395,456.08
$13,236,850.19
February
$36,771,280.82
$4,449,324.98
$39,208,228.16
$4,744,195.61
$28,998,669.02
$3,508,838.95
$104,978,178.00
$12,702,359.54
March
$47,402,120.22
$5,735,656.55
$42,894,972.21
$5,190,291.64
$33,427,503.33
$4,044,727.90
$123,724,595.76
$14,970,676.09
April
$41,040,958.48
$4,965,955.98
$39,345,925.30
$4,760,856.96
$30,060,692.80
$3,637,343.83
$110,447,576.58
$13,364,156.77
May
$41,417,910.37
$5,011,567.15
$36,787,442.36
$4,451,280.53
$27,394,026.36
$3,314,677.19
$105,599,379.09
$12,777,524.87
June
$38,562,158.58
$4,666,021.19
$42,333,206.56
$5,122,317.99
$28,490,060.73
$3,447,297.35
$109,385,425.87
$13,235,636.53
July
$41,334,381.05
$5,001,460.11
$42,676,452.96
$5,163,850.81
$29,281,394.59
$3,543,048.75
$113,292,228.60
$13,708,359.66
August
$42,750,887.02
$5,172,857.33
$41,091,884.90
$4,972,118.07
$27,795,698.55
$3,363,279.52
$111,638,470.47
$13,508,254.93
September
$35,279,291.62
$4,268,794.29
$39,884,824.57
$4,826,063.77
$26,308,063.80
$3,183,275.72
$101,472,179.99
$12,278,133.78
October
$54,888,849.43
$6,641,550.78
$37,709,923.79
$4,562,900.78
$25,633,602.69
$3,101,665.93
$118,232,375.91
$14,306,117.49
November
$46,783,708.09
$5,660,828.68
$38,306,560.95
$4,635,093.87
$28,115,302.02
$3,401,951.54
$113,205,571.06
$13,697,874.10
December *
$46,746,114.32
$4,262,812.18
$39,522,591.73
$4,782,233.60
$27,375,747.95
$3,312,465.50
$113,644,454.00
$12,357,511.28
Total
$513,480,980.38
$60,737,730.97
$480,214,415.45
$58,105,944.27
$341,320,495.58
$41,299,779.97
$1,335,015,891.41
$160,143,455.21
* The tax roll-back for MGM with a rate of 8.1% for the State of Michigan and 10.9% for the City of Detroit, was effective as of October 3, 2007 & applied against December - January taxes.
http://www.michigan.gov/dleg/0,1607,7-154-35299_36737---S,00.html
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