Michigan News - Page 32

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Businessman acquitted of charges

11 June 2008

News Brief: A federal jury in St. Paul has acquitted a Prior Lake businessman of 26 counts of bribery, wire fraud and conspiracy charges involving alleged corruption in casino development and contracting practices with the Leech Lake Band of Ojibwe.

FireKeepers Casino CFO named

11 June 2008

Full House Resorts and its 50%-owned joint venture Gaming Entertainment Michigan, LLC reports on behalf of FireKeepers Development Authority the appointment of Ann Kennedy as Chief Financial Officer of FireKeepers Casino.

Michigan board won't force Greektown sale

11 June 2008

News Brief: Michigan gaming regulators today allowed Greektown Casino to continue executing a business reorganization plan aimed at improving the financial health of the casino during Chapter 11 bankruptcy protection.

Greektown expected to lose $15.9 million

6 June 2008

News Brief: Greektown Casino is expected to lose $15.9 million this year as its bottom line absorbs $13.5 million in bankruptcy restructuring costs and $51 million in loan interest payments, according to the casino's financial adviser.

Romulus casino vote to come

6 June 2008

News Brief: Romulus officials reveled in the news that the House bill that would allow an Indian casino to open in Romulus likely will face a vote in June.

Greektown emergency financing approved

5 June 2008

News Brief: Michigan Gaming Control Board members today will get their chance to weigh in on $51.3 million in emergency financing for Greektown Casino that won approval of a U.S. bankruptcy judge.

MotorCity selects KoolConnect system

4 June 2008

KoolConnect Technologies Inc. reports that its world-renowned Intrigue System is currently in operation at MotorCity Casino Hotel in Detroit.

Tribal chairman responds to Greektown bankruptcy

3 June 2008

News Brief: Chairman Aaron Payment of the Sault Tribe of Chippewa Indians provided reaction to the news Friday that Greektown Casino has filed for Chapter 11 bankruptcy.

Greektown Casino falls into Chapter 11 bankruptcy

30 May 2008

News Brief: Greektown Casino has asked a federal court for approval to reorganize its finances and continue business operations under the protection of Chapter 11 of the U.S. Bankruptcy Code, the Sault Ste. Marie Tribe of Chippewa Indians announced today.

Michigan casino foes use final options

22 May 2008

New Brief: MichGO, A Grand Rapids based anti-casino group, has petitioned the D.C. Circuit Court for re-hearing of their rejected appeal.

Saginaw Chippewa Indian Tribe hands out over $ 3 million

21 May 2008

News Brief: The Saginaw Chippewa Indian Tribe handed out more than $3.1 million to 14 government and education entities with a focus on community welfare, during the semiannual event Tuesday.

Greektown given June 10th deadline

14 May 2008

News Brief: Greektown Casino was told it has until June 10 to come up with a convincing argument why the Michigan Gaming Control Board should not force casino owners to sell the gaming hall.

Greektown finds buyers

7 May 2008

News Brief: A racetrack owner and bank founder and four local real estate investors have teamed up to buy a 40% stake in the cash-strapped Greektown Casino.

Full House completes FireKeepers financing

7 May 2008

Full House Resorts reports that the FireKeepers Development Authority closed on a $340 million Senior Secured Note due 2015 financing and a $35 million F&E facility to fund the FireKeepers Casino project in Battle Creek, Michigan.

Odds slim on stopping Michigan casino

6 May 2008

News Brief: Legislative opponents of a Wayland Township casino may be ready to fold their cards after last week's federal appeals court ruling in favor of the Gun Lake tribe.

Group to appeal decision on Michigan tribal casino

5 May 2008

A group opposed to gaming plans to appeal a court decision letting an American Indian tribe proceed with plans to build a casino in west Michigan.

Michigan tracks sue state

2 May 2008

News Brief: Michigan horse racing interests filed a federal lawsuit Thursday against the governor and state attorney general, alleging state lotteries and casinos are killing their industry

Michigan locals welcome casino

2 May 2008

News Brief: With the exuberance of lottery winners, residents in a swath from downtown Wayland to Dorr Township welcomed news that a court decision likely clears the way for an Indian casino to be built in their backyard.

Michigan tribal casino clears hurdle

30 April 2008

News Brief: A proposed Indian casino in southwest Michigan moved closer to reality Tuesday when a federal appeals court upheld a decision by the government to set aside 147 acres of land for the facility.

Saganing Eagles Landing casino results reported

29 April 2008

News Brief: New figures show Arenac County's Saganing Eagles Landing Casino raked in more than $17 million in profits during its first 90 days of operation.

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