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David Waddell Gaming Guru - Page 9 Casinos and Bankruptcy18 August 2004
A popular argument frequently used against the gaming industry is the notion that access to casino gaming leads to an increase in personal bankruptcies. Like many of the other myths about the industry, close examination of the issue by those unattached to the industry has suggested that this correlation may not be very strong. ... (read more)
Do They Care About Detroit's Future?4 August 2004
Shortly after the voters of the State of Michigan approved the statewide referendum authorizing three casinos in the City of Detroit, state and City of Detroit leaders had the strong desire to (1) do things right and (2) not to repeat the mistakes made in New Orleans where a casino had recently gone bankrupt. ... (read more)
AGA Code of Conduct Focus of Responsible Gaming Week21 July 2004
During the first week of August, the American Gaming Association will hold its 7th annual Responsible Gaming Education Week. Although the casino industry works every day to educate and assist people regarding problem gambling, creating a week to focus on the issue serves as an excellent way to bring more attention to the issue. ... (read more)
Construction Industry Talks, And The Legislature Listens7 July 2004
Yesterday, the Michigan Senate passed a six percent increase in the wagering tax paid by the Detroit casinos. Under the proposed amended bill, the increase will be reduced to four percent on January 1, 2006 and down to one percent when the Detroit casinos build permanent casinos and hotel complexes. ... (read more)
Michigan Construction Industry Opposes Detroit Wagering Tax Increase22 June 2004
The Michigan House of Representatives voted on May 12, 2004 to double the wagering that the Detroit casinos pay, from 18% to 36%. Last Thursday, the Michigan Senate rejected the House Bill that would double the Detroit wagering tax by a 18-19 vote. However, indication in Lansing is that the Michigan Legislature might still seek to raise the Detroit wagering tax as a way to generate revenue. ... (read more)
Casino Gaming Entertainment Continues Its Growth in Popularity9 June 2004
Two million more Americans visited a casino in 2003 than in 2002, according to the 2004 State of the States: The AGA Survey of Casino Entertainment, recently released by the American Gaming Association (AGA).
The survey, which includes 2003 economic data for the commercial casino industry as well as the ... (read more)
Tax Facts are Surprising26 May 2004
There are many challenges that the Michigan gaming industry faces these days. Last year, the Michigan Lottery introduced video Keno and pull-tab games in Michigan bars and restaurants. This, coupled with the pending talk of Racinos at the various horse racing tracks, provides a new level of competition for Michigan's 20 existing casinos. ... (read more)
Governor Granholm Makes Two New Appointments to the Gaming Control Board12 May 2004
Late Monday afternoon, Governor Granholm made two additional appointments to the Michigan Gaming Control Board. The Governor appointed Donald Robinson, of Donald L. Robinson & Associates (a consulting firm in Detroit), for a term expiring December 31, 2004. Mr. Robinson succeeds the late Honorable ... (read more)
The Layers of Regulation of Tribal Casinos28 April 2004
As a result of writing this column, I often get e-mails from readers with questions regarding the regulation of gaming at tribal casinos. It is amazing to see the level of misunderstanding that many people have about these facilities and their regulation. Since time constraints of my real job do not permit ... (read more)
A Comprehensive Review of Michigan's Tourism Industry14 April 2004
Michigan's casino gaming industry has rapidly become a major component to the state's tourism industry. As the industry expands in Michigan and the acceptance to gaming increases, it is likely that the industry will become even more connected to the state's tourism marketing campaigns. Tourism is extremely ... (read more)
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