Tuesday, July 15, 2008

Slot Machine Profits Not Paying Off for State

The slowing economy is not keeping people away from the Four Winds Casino Resort in New Buffalo Township, which collected about $146.6 million in slot machine revenue over the six-month period that ended March 30.

Figures released by the Michigan Gaming Control Board show that the casino, owned by the Pokagon Band of Potawatomi Indians, is taking in $24.4 million a month in slot machine revenue.

The monthly total has not changed from the amount estimated using figures covering August and September 2007, the casino's first two months of operation.

Because it is privately held, the casino does not release figures on its total revenue from its hotel, restaurants, bars, poker and other games.

Local governments and the state have not received any revenue from electronic gaming, although a 1998 compact between the state and Pokagon Band requires payments two times a year. They are embroiled in a dispute over the compact.

For more information please see Scott Aiken,
High Slot Machine Take Tempered By Compact Dispute, The News-Dispatch, July 13, 2008.

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