A petition seeking voter approval of casinos in four Ohio cities was submitted to the state attorney general for review Wednesday as state regulators explore a separate plan that would allow slots at racetracks without a vote. The Ohio Jobs and Growth Committee said the casino proposal would lead to $1 billion in private investment, [...]
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“There’s a new push to bring casino gambling to downtown Cincinnati — but it will require voters to say yes at the polls. If supporters have their way, the issue will be decided this fall. Developers want to bring a casino in to replace a sea of parking lots on the edge of downtown along [...]
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Michigan has certainly seen its share of hard times in recent years. And, for our part, the loss of jobs and population have certainly hurt charitable bingos. With that in mind, we will be watching with interest the President’s proposed Cap and Spend program. According to an editorial in the Detroit News, this proposal will [...]
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MGM Mirage Inc., the gambling company owned by billionaire investor Kirk Kerkorian, said Tuesday that it may default on its debt amid development of its biggest casino project ever, the $8.6-billion CityCenter in Las Vegas. MGM Mirage owns the MGM Grand casino and hotel in downtown Detroit. Unless the economy turns around and more people [...]
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Even though its Greektown Casino fell into bankruptcy, 2008 proved a bumper year for the Sault Ste. Marie Tribe of Chippewa’s five casinos in Michigan’s Upper Peninsula, tribe officials announced Monday. The 2.5 percent increase in profit compared with 2007 brought in $31.28 million for the tribe, and came as the Sault’s Kewadin Casinos arm, [...]
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Are Metro Detroit’s high rollers getting lowballed by the city’s casinos? Ask industry experts and big bettors, such as businessman Tom Fetzer of Birmingham, and the answer is a resounding “yes.” “I’m not a casual gambler,” said Fetzer, who estimates his monthly play at MGM Grand Detroit averages $4,000. “And I’ve come to expect to [...]
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As we’ve discussed bingos aren’t the only gaming environments suffering under the current economic reality. Las Vegas continues to struggle as visitors dwindle and the ones who still make the trip tighten their belts. Below is an another article detailing the Strip’s continued problems. “Wall Street is suggesting the unthinkable. Strip casino operators might actually [...]
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Money will change hands. While the flow of dough in the highest stakes poker games on the Internet has been considerable over the years, the running frequency of the biggest ‘nosebleed stakes’ games has gone down. Blame the recession, the UIGEA (Unlawful Internet Gambling Enforcement Act) of 2005, or simply the fact that the former [...]
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The Caesars Windsor casino will suspend betting on men’s Division I basketball for one week ending April 6, when the NCAA championship game will be played across the Detroit River in Detroit. The NCAA says the city of Windsor supported its request to Ontario Lottery Gaming Corp., the government agency that owns Caesars Windsor, to [...]
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Fort Wayne Mayor Tom Henry wants voters to decide whether the state’s second largest city should seek a state casino gambling license. The Democratic first-term mayor said a citywide referendum should be held as early as this fall to decide whether the city should pursue a license. Henry also said the ongoing debate over whether [...]
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