Massachusetts ‘GAMING’ Future
Between the failing American auto industry, the ruthless mortgage bankers, the economy going south, and the introduction of casinos is it any wonder that the city of Detroit is broke.
The MGM Grand casino opened on July 29, 1999, Motor City Casino opened on December 19, 1999, and Greektown casino opened on November 10, 2000. These three casinos revenues totaled $1.4 billion in 2012. Let’s say, conservatively, that in the last 12 years these three casinos took in $10 billion in revenue. How much of that money LOST in the casinos do you think came from the citizens of Detroit?
...
Now I'm no rocket scientist, but with all the economic ill-effects that Detroit been facing, and then you take this kind of money out of its economy, I’m surprise they didn't bankrupt sooner.
CBS News - July 19, 2013 - Detroit's bankruptcy follows decades of decay
Read more: http://detroit.cbslocal.com/
Massachusetts ‘GAMING’ Future
Between the failing American auto industry, the ruthless mortgage bankers, the economy going south, and the introduction of casinos is it any wonder that the city of Detroit is broke.
The MGM Grand casino opened on July 29, 1999, Motor City Casino opened on December 19, 1999, and Greektown casino opened on November 10, 2000. These three casinos revenues totaled $1.4 billion in 2012. Let’s say, conservatively, that in the last 12 years these three casinos took in $10 billion in revenue. How much of that money LOST in the casinos do you think came from the citizens of Detroit?
...
Now I'm no rocket scientist, but with all the economic ill-effects that Detroit been facing, and then you take this kind of money out of its economy, I’m surprise they didn't bankrupt sooner.
CBS News - July 19, 2013 - Detroit's bankruptcy follows decades of decay
Read more: http://detroit.cbslocal.com/
Between the failing American auto industry, the ruthless mortgage bankers, the economy going south, and the introduction of casinos is it any wonder that the city of Detroit is broke.
The MGM Grand casino opened on July 29, 1999, Motor City Casino opened on December 19, 1999, and Greektown casino opened on November 10, 2000. These three casinos revenues totaled $1.4 billion in 2012. Let’s say, conservatively, that in the last 12 years these three casinos took in $10 billion in revenue. How much of that money LOST in the casinos do you think came from the citizens of Detroit?
...
Now I'm no rocket scientist, but with all the economic ill-effects that Detroit been facing, and then you take this kind of money out of its economy, I’m surprise they didn't bankrupt sooner.
CBS News - July 19, 2013 - Detroit's bankruptcy follows decades of decay
Read more: http://detroit.cbslocal.com/
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