Motown Land Based Casino Operators Stay PutPublished November 23, 2005 by OCR Editor
Detroit has three land based casinos operating within city limits, which are Greektown Casino, MotorCity Casino and the MGM Grand Detroit Casino.
Recently, local developers Joseph Nederlander and Bernard Schrott have introduced plans for these casino resorts to relocate to the Michigan Fairgrounds. However, much to the delight of the residents of Detroit metropolitan area, each of the three land based casino operators has rejected the proposed offer, opting to stay in Motown.
Instead of relocating their operations, the land based casino operators have chosen to expand their operations in their current location. In exchange for staying put, city officials have granted each of the land based casino operators the permission to expand its operation by building a 400-room hotel. This has made the decision to stay in Detroit a no brainier for these casino operators, who stand to earn millions thanks to these hotels.
Even though a decision has been made, Nederlander and Schrott haven't given up just yet. They claim that all three land based casino operators can still re-nag of the agreement reached with the city. Apparently, they are not the only ones who think that the move would be a good thing. William Thompson, a renowned Vegas land based casino expert also thinks that they'll be better off relocating to the State Fairgrounds, where they would be clustered together. So far, MGM Grand, MotorCity and Greektown have chosen to disagree.