The Sault Ste. Marie Tribe of
Chippewa Indians is no stranger to gaming. The tribe operates five successful casinos in the Upper Peninsula of Michigan.
But business hasn't been so good for Greektown Casino-Hotel in Detroit. The tribe is the majority stakeholder in the troubled commercial casino, which entered bankruptcy proceedings last year.
"It wasn't supposed to end up like this," Bernard Bouschor, a former tribal chairman who sits on the Greektown board of directors, told The Detroit News. "Not after we spent so much time and money."
The casino has more than $755 million in debt and the exit plans filed in bankruptcy court have the tribe losing its stake in the facility. Chairman Darwin "Joe" McCoy said the tribe is working on a plan to retain some ownership of Greektown.
"After spending so much money making Detroit gaming a reality, it's unthinkable for many of us to let Greektown go," McCoy told the paper.
Get the Story:
Greektown Casino: Waiting for the chips to fall (The Detroit News 8/10)
Aid from the Sault Tribe of Chippewa is Upper Peninsula lifeblood (The Detroit News 8/10)