More than $88 million in damages to investors has been ordered by a judge against a tribal gaming authority for the failure of two off-reservation casino projects, one near Detroit Metro Airport and another in downtown Lansing.
This week a judge in Ingham County Circuit Court ruled that the Kewadin Casinos Gaming Authority must repay $9 million in loans from two groups of investors, plus interest, as well as compensate the investors for their loss of future profits that would have resulted from the construction of the casinos.
Casino near Detroit that went bankrupt
According to online casino reviews, Kewadin, a member of the Sault Ste. Marie Tribe of Chippewa Indians, will have to pay a total of $80.8 million in damages if the two proposed casinos are never built: $60 million for the unbuilt casino in Huron Township near Metro Airport and $28.8 million for the unbuilt casino in Lansing.
Although Judge Joyce Draganchuk did rule on Monday that the investors were entitled to damages for breach of contract and false misrepresentation by Kewadin, a formal verdict has not yet been issued. It’s expected that the ruling will be challenged in Michigan’s Court of Appeals.
The Sault tribe’s attempts to develop off-reservation casinos failed because the U.S. Department of the Interior refused to place the property for the locations into trust.
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