Greektown casino

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After months of negotiations, union members at Detroit's three casinos - MGM Grand Detroit, MotorCity and Greektown - ratified a new contract on Sunday.

The Detroit Casino Council, a consortium of the UAW Local 7777, Unite Here Local 24, Teamsters Local 372 and the International Union of Operating Engineers Local 324, reached a tentative agreement with the casinos last week.

The deal replaces a contract that expired on Oct. 16 and covers approximately 6,000 workers.

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After a round of negotiations lasting six days, a tentative agreement has been reached between the Detroit Casino Council and Detroit's three casinos - MGM Grand Detroit, MotorCity and Greektown.

Steve Carmody / Michigan Radio

DETROIT (AP) - Detroit Mayor Mike Duggan is hoping for peace between the city's casinos and thousands of workers.

  Contract talks are expected to resume Monday. Taxes from casinos account for about 16 percent of Detroit's revenue or roughly $170 million a year. Duggan tells the Detroit Free Press that he hopes labor and management "find a middle ground and work it out."

Poker chips and cards
dupo-x-y / Creative Commons

Union workers at Detroit's three casinos have voted to authorize a strike if contract negotiations break down.

United Auto Workers spokesman Brian Rothenberg tells the Detroit Free Press that several thousand union members at Greektown Casino, MGM Grand Detroit and MotorCity Casino voted on Monday to authorize a strike in advance of contract discussions.

The MGM Grand Casino in Detroit
Mike Russell

As revenue shrank and budget holes grew, the City of Detroit has turned to its three casinos for badly needed tax revenue, as well as jobs.

And at a time when an emergency manager is running the show, and bankruptcy is looming, it is not great news to hear that all three Detroit casinos posted a decline in revenue from May 2012 to May 2013.

Jake Miklojcik is the President of Michigan Consultants. He's an economic analyst, and he joined us today to talk about what’s causing the revenue drop and what can be done about it.

Listen to the full interview above.

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A gaming company run by Detroit billionaire Dan Gilbert has announced plans to move into the city’s casino business.

Quicken Loans founder Gilbert owns Rock Gaming, which already owns
several gambling sites in Ohio.

Now, one of the group’s subsidiaries has announced it will buy a
majority stake of the company that runs Detroit’s Greektown

Gilbert says in a statement they envision a “significant investment”
in the Greektown casino, “as well as the enhancement and growth of the
existing entertainment district.”

The Michigan Gaming Board will need to sign off on the deal.

They hope to grow that area as well, building on what Gilbert calls
“the positive momentum” now going in downtown Detroit.

Gilbert himself is partly responsible for that momentum.

He’s been buying up much of the major commercial real estate in
downtown Detroit in pursuit of a vision he’s dubbed “Detroit 2.0.”

The vision is a vibrant downtown district to “live, work, and play,”
centered around tech start-ups along Woodward Avenue, which Gilbert
calls “Webward” Avenue.