Latest Casino News


Michigan Gambling News Brief

Full House Resorts announces amended compact between Huron Band and state of Michigan

Business Wire,  Tuesday, September 15, 2009 at 11:47:27 AM

Full House Resorts announced that the Nottawaseppi Huron Band of the Potawatomi and the state of Michigan have signed an amended compact that will extend its term from 2018 to 2030 to ensure that FireKeepers Development Authority ("FDA") will have a full 20 years of gaming operations.

The amended compact follows a similar pattern to other compact renegotiations recently concluded in Michigan, and resolves a potential legal dispute between the Tribe and Michigan concerning state revenue-sharing payments. Under the amended compact, FDA`s exclusivity fee paid to the state will be reduced from 8% of slot revenue to 4% for 2009 and 2010, a sliding scale of 4 to 6% in 2011 and a sliding scale of 4 to 8% thereafter. The terms of the amended compact are retroactive to the opening of FireKeepers. The 2% payment to the local governmental entities remains unchanged.

"We are pleased that FDA and the state of Michigan have been able to reach agreement on these key compact provisions," said Andre Hilliou, Chairman and Chief Executive Officer of Full House. "The amended compact will provide significant economic protections to FDA against commercial or state-run gaming expansion in the surrounding areas of FireKeepers, and through its management agreement, Gaming Entertainment (Michigan), LLC ("GEM") will be able to share in the economic benefits realized through the amended compact." the source
Note: The links to older news stories hosted on other servers often no longer function. We apologize for any inconvenience.

...tabbed details about Full House Resorts detail page for Full House Resorts

Our USCF Casino News is also available as a free-subscription News Feed.

Home        USCF Forum        USCF Store        Advertising        About USCF
Casino Job Applications        Useful Links        Contact USCF          Site Map        Privacy Policy

All contents copyright 2006-2022
True Interactive Yellow Page Directories, Inc.
All Rights Reserved.

Gambler's Anonymous

This Page Last Modified 9/24/2022
US Casino Finder Directory

Register now to receive valuable promo codes, casino updates and news alerts


Casinos with Social Networking

QuikList by City:
Atlantic City Casinos
Biloxi Casinos
Black Hawk Casinos
Cripple Creek Casinos
Deadwood Casinos
Las Vegas Casinos
Laughlin Casinos
Reno Casinos

QuikList by Type:
US Hotel Casinos
US Casinos
US Card Rooms
US Indian Casinos
US Horse Race Tracks
US Greyhound Race Tracks
US Racinos
US Casino Cruises
US Bingo Halls
US Casino Party Planners
US Dealer Schools

Gambling Factoid #19:
The world-famous 'Strip' is not part of the city of Las Vegas; it is actually in the unincorporated 'Paradise City', and is governed by Clark County.


HTML code to add a direct link to this page to your website

38,000 pages of information
in our directory,
and we still can't
help you find
what you're looking for?
Let us know where we failed!
You can help us improve just by
using one of the following options:
1. Private comment
2. Email us
3. Add a business.

xml feed
site map