How can it be that when Sault Tribe management is taken out of the mix, Greektown Casino flourishes? Very, very, very, very suspicious!
Did I say that this sudden steady increase since the plug was pulled on Sault Tribe's involvement is very suspicious? Why do you suppose there was a previous cap on revenue? When revenues topped it's set percentage, what happened to amounts above that? Sucked away like the foam on a glass of beer? Let me say this one more time...very, very, very, very suspicious!
Maybe Sault Tribe members should demand a complete audit by the firm of their choice and consider a class action suit for damages.
Greektown Casino revenues keep climbing as MGM Grand, MotorCity report continuing declines
by Jonathan Oosting MLive.com
Tuesday September 08, 2009, 12:45 PM
Jonathan Oosting MLive.comGreektown Casino and Hotel.
Bankruptcy seems to be treating Greektown Casino quite nicely: The casino and hotel reported revenue of $30.6 million in August, an increase of 14 percent over the same month a year ago, according to data released by the Michigan Gaming Control Board.
It's the fifth straight month of increased revenue for the 10-year-old casino and hotel.
While both MGM Grand Detroit and MotorCity Casino continue to pull in more revenue than Greektown, their numbers continued to decline.
• MGM Grand pulled in $44 million in August, down 12 percent from last year
• MotorCity brought in $36.9 million last month, down 10 percent from 2008
Combined, Detroit's three casinos pulled in more than $111 million in adjusted gross receipts and paid more than $10 million in state wagering taxes.
No comments:
Post a Comment