Casinos Bankrupt?
- Don Barden said he's planning no layoffs at his two Majestic Star Casinos in Gary following his company's filing Monday for Chapter 11 bankruptcy protection.
Majestic Star Casino LLC claims in a petition filed in U.S. Bankruptcy Court in Delaware to owe Gary $7.45 million, naming the city as its 10th largest creditor. The filing also arrives while state lawmakers are considering a move to land-based casino gambling in Indiana.
On one hand, this gives pause to the push for a casino here in Chicago as the solution to all of Shortshank's money problems.
On the other, it's a great opportunity for a professionally run organization to step up and open a legit casino that is a model for casinos world wide.
Hahahahahahahaha. Professionally run casino in Chicago? We amuse ourselves sometimes.
On the other, it's a great opportunity for a professionally run organization to step up and open a legit casino that is a model for casinos world wide.
Hahahahahahahaha. Professionally run casino in Chicago? We amuse ourselves sometimes.
Labels: money questions
posted by SCC at 12:01 AM
15 Comments:
An unnamed Chicago Police Sgt. & his Wife (JP & MO) took all the Ameristar casino money and had fun with it.
He made a double or nothing bet and won it all.
East Chicago, Indiana is now broke. (JP) said he will but Mayor Daleys summer home in Grand Beach, Michigan, stock it with all the rides from Kiddieland, and make millions more!
Heywood Jablowme.
Hahahahaha...You amuse me too.
who has extra money to blow at a casino?what if you build it...and nobody shows. vegas is hurting...these local joints are hurting too.
Anyone that gambles knows that place is a dump. And with other places in close proximity that are way nicer its no surprise.
Don't give the midget any more ideas about a casino...
God Bless the CPD and nobody else.
Majestic Star catered a lot to the low end gamblers due to it's location and that's where it could grab a market share.
They couldn't grab many Illinois gamblers since 1)who wants to go to Gary and 2)why drive the extra 15 minutes if a nice facility at horseshoe or ameristar is available.
It was inevitable that they would file chap 11. majestic brings a lot of jobs and tax revenue to a town that is already blighted by steel mill closures, more thug mentality "honor students" overwhelming the police and rampant corruption at all levels or government
who has extra money to blow at a casino?what if you build it...and nobody shows. vegas is hurting...these local joints are hurting too.
11/25/2009 12:44:00 AM
...appparantly, the guy who runs the Sgt's union.
Sgt J.P. Any advice for the Majestic Star?
boy if a casino can't steal their way into profits who the hell can?
This casiono company is haviing probles for several reasons.
Location
Being a boat
greedly locals pols
greedy reverands
everybody in that area has their hands in each others pockets
high tax rate
The Indians actually do it right, they pay a gasming company a percentage of the profits to run some of the operations, if you don't produce, you don't get paid.
Anonymous said...
God Bless the CPD and nobody else.
11/25/2009 03:49:00 AM
Weren't you the one still waiting for a testing date to get ON the job in a comments section last week???
So then, that "nobody else" includes you, your family & friends, non-sworn family & friends of people on the job...
Brilliant.
1244, Your Right on the Money, No Pun Intended
Here In Ct, Foxwoods Casino(Largest in the World ALLEGEDLY) Only Payed A Small % Of A Interest Debt payment Due The Other Day & Indicated That They would Go Into Default On The Massive Debt They Have.
Foxwoods SUCKS Anyways, Mohegan Sun Much Better( Except For My Wallet)About Amenities, Treating Patrons Good Etc BY FAR!
My Point Is.
The Stuttering Prick Would Run Your Casino Like Foxwoods.
Glitz, Glamour & Promises & Look Where Foxwoods Is Now.
It Sounds Like Your 2016 Olympic Bid & Look Where That Went Shortshanks Right?
FREE BILL COZZI!!!!
Many years ago (think early to mid 90s), there was a grand proposal in place. Build a third airport in Gary, Ind. Build a state of the art domed staduim along the lake front, for the Bears, but becuase domed you could have other events including a Superbowl. Build a state of the art convention center and casino along the way. Run a high speed mono rail from Gary airport that ran through it all. With the already existing amenities in Chicago (i.e. the lakefront, restaurants, etc), you quite possibly have the Las Vegas Mecca of the entire eastern half of the country.
why did this amazing idea never come to fruition??? Because King Richard refused to cede one iota of authority over a third airport to Indiana (because he couldn't control everything, including lucrative contracts to his buddies).
Chicago, this very day, could be the booming, recession defying place to be in the United States!!! All but for Shortshanks power mad, short-sighted imperialism. Thanks jag-off!!!
That's cause ol' man Prendkowski wiped them out for years..
"HEY ASSHOLE!!!"
his famous retort...
A. CHURMA
"Chicago, this very day, could be the booming, recession defying place to be in the United States!!! All but for Shortshanks power mad, short-sighted imperialism. Thanks jag-off!!!"
Because Chicago could lose the Bears? Because the state of Gary could then host a Super Bowl? Because Chicago would have a 3rd airport IN GARY?
Seems to me like that would strengthen the State of Indiana, and not Chicago. You're also forgetting that in the Midwest, we have seasons. And how about Jersey's economy -- Atlantic City has seasons just like us. Your argument is riddled with more holes than Freddie the Funnyman Hampton.
And I bet you were one of those who rallied against the Olympics too, right? (Olympics would have actually shielded the region from this Depression for the next 7-10 years, during which time,the World economy might actually recover).
Best to get yourself enrolled in some night classes. Don't worry, Kennedy King has open enrollment.
Post a Comment
<< Home