"MotorCity Casino reported $37.7 million in revenue, a 1 percent increase over last October, as it continues refurbishing its gambling areas and planning for the opening of its hotel this week."
Who told Moody's the expanded gaming floor project was completed? Were representatives of MotorCity Casino trying to suggest to analysts at Moody's that the casino's financial position would turn around due to the completion of the expand gaming floor? Through October that hasn't been the case. And now Crain's and locals who've visited MotorCity Casino say construction on the gaming floor is still underway.
And the Detroit Free Press is reporting that the price tag for the MotorCity Casino project may have budget over runs of some $25 million. Someone's suggesting that the price tag for the expansion jumped from $275 million to $300 million.
What's the truth?
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