City Council had rejected a pact between Mayor Kwame Kilpatrick and MGM Mirage, the MotorCity Casino, which is 53.5 percent owned by Mandalay Resort Group, and the Greektown Casino, which is owned by the Sault Ste. Marie tribe of Chippewa Indians.
The revised deal, approved by the Council, calls for a new assessment on casino gross revenue of 1 percent starting in 2006 if combined revenues exceed $400 million a year. The money would fund recreational capital improvements for the city. 바카라사이트
One casino executive said the deal would be good for the city's bottom line.
"It's a quite positive development, it's good for the city," Mandalay Resort Group President Glenn Schaeffer told Reuters. "It'll bring the permanent casino to the market that much faster."
An MGM Mirage spokesman was not immediately available to comment. The company closed a deal on Tuesday to buy a 25-acre parcel of land for a planned $500 million casino.
Both MotorCity and Greektown have said they plan to build 400-room hotels with their new facilities, as does MGM.
Earlier last week, MGM said it would have a site plan for the new casino with 120 days of approval. MGM's current temporary facility in the city supplied about 10 percent of its total revenue in the first quarter of 2002.
The nearest large casino is across the river in Canada, in Windsor, Ontario.