The on again, off again legislation to authorize the opening of two new casinos, in Port Huron and Romulus, Michigan, in accordance with a compact entered into by former Michigan Governor John Engler, is apparently back on again.
The bill still awaits action on the entire House floor.
Monday, February 25, 2008
Sunday, January 20, 2008
Second Media Report That Firekeepers Casino Will Not Begin Construction Until 2009
Although the Nottawaseppi Huron Band has consistently stated that the construction of the new Firekeepers Casino will begin in the Spring of 2008, with an opening in 2009, we now have the second media report that construction will not begin until 2009. This new report follows another report that construction has been delayed.
Soaring Eagle Casino's Housekeeping Employees Turn Down Teamsters By Wide Margin
The housekeeping employees at the Soaring Eagle Casino voted against representation by the Teamsters union by a wide margin. The vote was 192-88 against Teamsters representation. The election, held on December 21, 2007, was held after the National Labor Relations Board ruled that it had jurisdiction over organizing efforts at Native American casinos.
Thursday, January 17, 2008
Firekeepers Casino Construction Delayed Until 2009?
Prior media reports have indicated that construction of the new $270 million Firekeepers Casino in Emmett Township (between Battle Creek and Marshall, Michigan) will begin in spring 2008, with an opening in 2009.
However, a new report seems to indicate that construction has been delayed until 2009, which would indicate the casino would not open until 2010.
However, a new report seems to indicate that construction has been delayed until 2009, which would indicate the casino would not open until 2010.
Tuesday, January 15, 2008
December 2007 Detroit Casino Revenues Reported
The Michigan Gaming Control Board has released the December 2007 results for the three Detroit casinos, MGM Grand, MotorCity, and Greektown. The full year 2007 results were also released.
For December 2007, MGM Grand Detroit's revenues were $46,746,114, which is down approximately $40,000 from November 2007. Year-over-year, the December 2007 revenues were up $4,000,000 from December 2006. For the full year, MGM Grand Detroit's revenues were $513,480,980, up $24,000,000 from 2006.
MotorCity's revenues for December 2007 were $39,522,591, which was up approximately $1,200,000 from November 2007. The December 2007 revenues were down $3,500,000 from December 2006. For the full year, MotorCity's revenues were $415,214,415, up $11,500,000 from 2006.
Greektown, which is the only Detroit casino not to have opened its hotel yet, revenues for December 2007 were $27,375,747, which was down approximately $750,000 from November 2007. December 2007's revenues were down $2,700,000 from December 2006. Full year revenues for 2007 were down $3,700,000 versus 2006 for Greektown.
These revenue increases was good for a 2.4% increase over 2006 revenues, which is the slowest since the Detroit casinos opened.
These are troubling numbers for Greektown and MotorCity.
For MotorCity, the trouble is that the casino has opened new gaming areas and its hotel, yet revenues for December 2007 were substantially lower than December 2006.
The trouble for Greektown is more substantial. Greektown has long blamed its third-place revenue finishes on the casino's lack of abundant free parking close to the casino. Yet, even after November 15, 2007, when Greektown opened its 2,900 space free parking structure connected to the casino, Greektown's revenues continue to lag.
For December 2007, MGM Grand Detroit's revenues were $46,746,114, which is down approximately $40,000 from November 2007. Year-over-year, the December 2007 revenues were up $4,000,000 from December 2006. For the full year, MGM Grand Detroit's revenues were $513,480,980, up $24,000,000 from 2006.
MotorCity's revenues for December 2007 were $39,522,591, which was up approximately $1,200,000 from November 2007. The December 2007 revenues were down $3,500,000 from December 2006. For the full year, MotorCity's revenues were $415,214,415, up $11,500,000 from 2006.
Greektown, which is the only Detroit casino not to have opened its hotel yet, revenues for December 2007 were $27,375,747, which was down approximately $750,000 from November 2007. December 2007's revenues were down $2,700,000 from December 2006. Full year revenues for 2007 were down $3,700,000 versus 2006 for Greektown.
These revenue increases was good for a 2.4% increase over 2006 revenues, which is the slowest since the Detroit casinos opened.
These are troubling numbers for Greektown and MotorCity.
For MotorCity, the trouble is that the casino has opened new gaming areas and its hotel, yet revenues for December 2007 were substantially lower than December 2006.
The trouble for Greektown is more substantial. Greektown has long blamed its third-place revenue finishes on the casino's lack of abundant free parking close to the casino. Yet, even after November 15, 2007, when Greektown opened its 2,900 space free parking structure connected to the casino, Greektown's revenues continue to lag.
Tuesday, January 08, 2008
December Revenues Not Yet Reported For Detroit Casinos
The monthly revenue reports for the three Detroit casinos (MGM Grand Detroit, Greektown, and MotorCity) are generally released at the monthly meeting of the Michigan Gaming Control Board. However, there is no meeting scheduled for January, 2008. The release of the December monthly revenue report will provide interesting information regarding the impact of the first full month of revenues after the opening of the new parking structure at Greektown and the hotel at MotorCity Casino.
Stay tuned. . .
Stay tuned. . .
Sunday, January 06, 2008
Saganing Eagle's Landing To Add Subway Franchise
Prior reports have intimated that there would be no food service at the Saganing Eagle's Landing Casino near Standish, Michigan. However, current reports indicate that a Subway franchise will soon be opening at the newly-opened casino.
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