Casino planned near Metro Airport
A Native American tribe from the UP are planning to build a casino at 275 and Sibley Road in Huron Township, a couple a miles south of Metro Airport. The same tribe is also planning a casino in Lansing which is farther along in the development process.
The three casinos in Detroit have already reported declining revenue since last year due to casinos opening in Ohio. Will two more closer casinos hurt Detroit's three even more and would it even make that much of a difference for the city?
http://www.mlive.com/business/detroi...be_target.html
Yes it will cannabalize casinos
Quote:
Originally Posted by
animatedmartian
http://www.mlive.com/business/detroi...be_target.html
A Native American tribe from the UP are planning to build a casino at 275 and Sibley Road in Huron Township, a couple a miles south of Metro Airport. The same tribe is also planning a casino in Lansing which is farther along in the development process.
The three casinos in Detroit have already reported declining revenue since last year due to casinos opening in Ohio. Will two more closer casinos hurt Detroit's three even more and would it even make that much of a difference for the city?
Practically no casino anywhere in the US is "making money/profits". That's why Las Vegas has rides and big stage shows. The casinos built are cannabilizing. Same thing is happening in Illinois. But nobody cares. There's no new product under the sun that people can turn to to make money.