Monday, March 31, 2008

February 2008 Revenues for Detroit Casinos

MGM Grand Detroit: $47 million in February 2008, up 27.9% from February 2007.

MotorCity: $38.3 million in February 2008, down 2.25% from February 2007.

Greektown: $27 million in February 2008, down 6.89% from February 2007.

It should be noted that 2008 is a leap year, so revenues would be up 3.5% even if daily revenue remained constant. Put another way, MotorCity was actually down closer to 5% on a comparable day basis, and Greektown was down closer to 10%. Not a good showing at all.

Thursday, March 20, 2008

Soaring Eagle and Saganing Eagle's Landing Allow Saginaw Tribe To Make Payments To Members

Although the actual numbers are not confirmed, it appears that the successful operations of the Soaring Eagle Casino, as well as the recently-opened Saganing Eagle's Landing Casino are allowing the Saginaw Chippewa Tribe to make annual payments to its members of between $25,000 and $70,000 per member, as well as an annual payment of $8,000 to a family for each child in the family. Whether that number will increase will likely depend upon the success of the expansion plans at Soaring Eagle Casino, in Mt. Pleasant, Michigan, and the succesful operations at Saganing Eagle's Landing Casino, near Standish, Michigan.