Michigan Gaming Control Board Releases
Gross Gaming Revenue Figures for January 2006

The Michigan Gaming Control Board released January 2006 Total Adjusted Revenue for the three Detroit casinos. MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino are located in temporary facilities limited to 75,000 square feet of gaming floor space. The figures released by the Michigan Gaming Control Board are the gross receipts less winnings paid to wagerers. The figures do not include: 1) the 12.1 percent state share of the wagering tax; 2) the 11.9 percent City of Detroit portion of the wagering tax; 3) any fees or other relevant city, state or federal taxes; 4) wages and benefits paid to casino employees; and 5) payments to suppliers, service providers or vendors.

Month in 2006
Total Adjusted Revenue 2006

MGM Grand Detroit MotorCity Casino Greektown Casino
January
$38,774,811.05
$37,755,047.98
$27,814,929.85

The three Detroit casinos' Total Adjusted Gross Receipts for January 2006 were $104,344,788.88. Of this amount, the three Detroit casinos collectively paid the state of Michigan $12,625,719.45 and the City of Detroit $12,417,029.88. Revenues for Greektown Casino and MotorCity Casino were up by 7.29% and 4.92% respectively, while MGM Grand Detroit Casino was down .47%, compared to the same month last year. Further, aggregate revenue and taxes for all 3 Detroit casinos were up by 3.55% for January 2006 compared to January 2005.

Michigan Tribal Casino Expansion Update

In the State of Michigan there are 17 Native American Class III casinos, which are operated by 9 federally recognized Indian tribes. Two additional tribes have federal recognition and a signed Class III Gaming compact with the State of Michigan: the Pokagon Band of Potawatomi Indians and the Nottawaseppi Huron Band of Potawatomi Indians. A third tribe, the Gun Lake Band of Potawatomi Indians, has received federal recognition and has expressed interest to begin negotiations with the State of Michigan concerning entering a Class III compact. Below is a brief status report of these three casino projects:

Pokagon Band. In 1998, the Pokagon Band signed a Class III Gaming compact with the State of Michigan. Since 1998, the Pokagon Band has been seeking to finalize its Land in Trust application and it has fought several legal challenges brought by certain anti-gaming groups. On January 27, 2006, the Pokagon Band of Potawatomi Indians issued a press release announcing the Department of Interior's official action to acquire the Band's New Buffalo, Michigan land into trust for the construction of the Four Winds Casino Resort. The Pokagon Band has an agreement with Lakes Entertainment, Inc. to build and operate its Four Winds Casino Resort. Individuals interested in learning more about the timeline for this project can visit: www.mrgmi.com.

Nottawaseppi Huron Band. In 1998, the Huron Band signed a Class III Gaming compact with the State of Michigan. Similar to the Pokagon Band, the Huron Band has fought many legal challenges concerning its Land in Trust Application and constitutionality of its Class III compact. The Nottawaseppi Huron Band of Potawatomi Indians has plans to open a casino near Battle Creek, Michigan. However, the project has been delayed because of a legal challenge that has required it to complete an additional environmental impact study of the effects its casino would have on the surrounding area. The Huron Band has entered a management contract with Full House Resorts, Inc. Persons interested in monitoring the progress of this project can visit: www.fullhouseresorts.com.

Gun Lake Band. Although a federally recognized Indian Tribe, the Gun Lake Band has yet to enter into a Class III Gaming compact with the State of Michigan. The Gun Lake Band began its formal quest for a casino near Wayland in 2001. Its Application to take Land into Trust won preliminary approval from the federal government in 2004, and in 2005 the U.S. Department of Interior give the final approval. However, the tribe’s Land in Trust determination is currently being challenged in federal court based on the belief that the U.S. Bureau of Indian Affairs did not properly complete its environmental impact study before agreeing to take the tribe’s land into trust for its proposed Class III facility. Individuals interested in monitoring the status of this project can visit: www.mbpi.org.