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MGM Grand Detroit shutdown for opening24 August 2007DETROIT, Michigan -- As reported by the Detroit News: "For about 36 hours leading up to the opening of the new MGM Grand Detroit on Oct. 2, the gaming company's temporary casino will go dark. "Which means MGM customers will have to go somewhere else to gamble, which means MGM Grand Detroit will lose about $2 million in revenue, or $1.35 million a day, $56,249 an hour, $937 per minute or $15.62 a second. Other losers: Michigan and Detroit, who won't collect $480,000 in gambling taxes. The numbers are based on figures MGM reported to the state for the first six months of 2007. "While the casino will take a small hit, MGM officials believe the closing will ensure a smooth transition from its temporary casino to the new $800 million casino, hotel and entertainment complex a few blocks north on Third Street. "...Then the short break is over. The casino will once again be open 24/7." |