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No More Slot Machines for Detroit?

Well the competition for bringing in a slot machine casino into the city of Detroit in Michigan is not necessarily going to be as tough as it was originally thought. There were two companies that were looking to possibly bring slot machines to Detroit, but now there is only one as the one group has withdrawn their offer to be involved.
 
There were two bids from companies that were attempting to take the Greektown Casino out of bankruptcy. According to the Detroit News, Bloomfield Hills businessman Tom Celani has withdrawn his bid. The team that he was leading, which was originally a partnership of his group, Luna Greektown LLC and a Connecticut based hedge fund going by the name of Plainfield Asset Management have decided that slot machines are not in the cards for them.
 
This doesn't mean that the businessman is giving up on the idea of being involved with bringing slot machines to the town. He thinks that there may still be an opportunity for him to help out with making the dream a reality, and he thinks it may have something to do with how There havethey get licensed in the United States.
 
He says that for now it is in their best interest to walk away from the deal, because it was turning out to be a "potential stumbling block" and it is in everyone's best interest at the slot machines come in and the casino is able to come out bankruptcy. He is simply going to wait and see how he may be of assistance from this point forward.

 

 

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