Soo Tribe reports increase in gaming profits

Tuesday, March 3, 2009  

The Sault Ste. Marie Tribe of Chippewa Indians reported a 2.5 percent increase in gaming profits even though overall revenue fell 4 percent in 2008.

The tribe operates five casinos in Michigan's Upper Peninsula. They brought in $31.28 million in profits, the tribe said.

"In a state and national recession and at a time when revenues and profits are down significantly in gaming markets across the nation, we are proud to report relatively strong performances at our five Kewadin Casinos in Northern Michigan," Chairman Joe McCoy said in a statement.

The tribe's commercial venture, the Greektown Casino in Detroit, is undergoing a reorganization in bankruptcy court.

Get the Story:
U.P. casinos report a profitable year (The Detroit News 3/3)
Kewadin Casinos sees rise in earnings (The Sault Ste. Marie Evening News 3/2)