WELCOME GUEST  |  LOG IN
carpetman, hamptons, flooring
27east.com

3 Comments by Frank Lee


Federal recognition for Shinnecocks would boost casino effort

Shinnecock plans are being bankrolled by Marian Ilitch owner of the Detroit Red Wings, Detroit's MotorCity Casino and Little Caesars pizza. Her husband Miike Ilitch owns Detroit Tigers. Among other bills they've covered $1.6 million in federal lobbying expenses for the tribe.

Their original plan was for a 65,000 sq ft casino in Hampton Bays (The Westwoods) -- 84 miles from Times Square.

Then Ilitch proposed a 495,000 sq ft casino at Aqueduct Racetrack -- 14 miles from Times Square.

Now Ilitch (Shinnecock/Gateway Casino Resorts) wants to develop a Racino at Belmont Park Race Track --19 miles from Times Square.

For Mrs. Ilitch and her fellow casino syndicators it's all about ROI. Certainly something closr to Manhattan/NYC and larger than the original plan in Hampton Bays could yield greater jackpot for the struggling Detroit investors.

Yes, the Ilitch owned MotorCity Casino has struggled since she bought it from MGM Mirage in 2005. Investors demanded she injhect $45 million cash into MotorCity Casino earlier this year because she's so leveraged and broke borrowing covenants. Ilitch controls CCM Merger, Inc. which is the parent of Detroit Entertainment LLC which does business as MotorCity Casino. Moody's ranks CCM Merger among its "Bottom Run" of investments and suggests it's likely to default this year." Jun 8, 09 4:52 AM

Shinnecocks Reject Casino Partner Contract

While we can appreciate efforts by those trying to ensure the public record is comprehensive and correct; the individual identifying him/herself as "Verifiable," a user name often used by the citizen activists behind the blog TheVerifiableTruth.com, is NOT affiliated with our blog, The Verifiable Truth." Dec 16, 11 4:57 PM

Governor Pushes For Gambling Revenues

Dear Editors, you published: "The company owns three successful casinos in the Detroit area, a much smaller market than New York." Where'd you get that from? Which THREE casinos do the principals behind Gateway OWN n the Detroit area? This would be news to the world so why not break it here? Publicly, they OWN ONE DETROIT CASINO - MotorCity Casino! BAD REPORTING here! Get the facts straight. With the internet, this stuff doesn't just stay on Long Island. You're purporting FALSE information to the world." Jan 11, 12 2:21 PM