casino

Native American casinos in Michigan testing the water for online gambling

The Associated Press — Thu, 04 Apr 2013 13:59:38 +0000

MOUNT PLEASANT, Mich. (AP) - The Soaring Eagle Casino is planning a new website that won't take bets for money unless Congress changes restrictions on online gambling.

The casino's marketing director Raul Venegas tells the Morning Sun of Mount Pleasant that the website will be for marketing and fun.

Venegas says the casino has "no intentions to offer real money gaming online, but people can play for free."

Federal judge will hear arguments over Lansing's proposed downtown casino

Steve Carmody — Tue, 22 Jan 2013 20:28:00 +0000

A federal judge in Grand Rapids will hear arguments Wednesday in a case that may determine if Lansing will get a downtown casino.

A year ago, the Sault Ste Marie Tribe of Chippewa Indians announced plans to build a casino that would wrap around Lansing’s downtown convention center. The plan included the construction of a temporary casino along Michigan Ave.

Gilbert-owned company branching out into Detroit casinos

Sarah Cwiek — Thu, 17 Jan 2013 01:18:29 +0000

A gaming company run by Detroit billionaire Dan Gilbert has announced plans to move into the city’s casino business.

Quicken Loans founder Gilbert owns Rock Gaming, which already owns
several gambling sites in Ohio.

Now, one of the group’s subsidiaries has announced it will buy a
majority stake of the company that runs Detroit’s Greektown
Casino-Hotel.

Gilbert says in a statement they envision a “significant investment”
in the Greektown casino, “as well as the enhancement and growth of the
existing entertainment district.”

The Michigan Gaming Board will need to sign off on the deal.

They hope to grow that area as well, building on what Gilbert calls
“the positive momentum” now going in downtown Detroit.

Gilbert himself is partly responsible for that momentum.

He’s been buying up much of the major commercial real estate in
downtown Detroit in pursuit of a vision he’s dubbed “Detroit 2.0.”

The vision is a vibrant downtown district to “live, work, and play,”
centered around tech start-ups along Woodward Avenue, which Gilbert
calls “Webward” Avenue.

Michigan's Attorney General more optimistic that the U.S. Supreme Court will take up casino case

Steve Carmody — Tue, 08 Jan 2013 20:54:12 +0000

The U.S. Supreme Court could be sending a signal that it may review a case involving a Native American tribe that wants to build an off-reservation casino in Michigan.

The court Monday asked the U.S. solicitor general to weigh in on whether federal courts have the authority to hear lawsuits connected to federal Indian gaming law and whether tribes have immunity from such litigation.

Michigan casinos & the 'fiscal cliff'

Steve Carmody — Tue, 25 Dec 2012 21:21:42 +0000

Michigan’s casino industry could face some problems if the nation falls off the ‘fiscal cliff’ at the end of the year.

The president and Congressional leaders have not reached a compromise to avoid the combination of spending cuts and tax increases, commonly known as the ‘fiscal cliff’.

It’s estimated the average household’s disposable income could lose a thousand dollars next year, if the ‘fiscal cliff’ is not avoided.

Moody’s, one of the nation’s leading credit rating agencies, predicts casinos will be among those hardest hit.