"Sign of the times"

Acquisition financing and regulatory issues for acquiring a Detroit casino

June 2009
The Deal

Times are changing in Detroit. Several automotive suppliers are in the midst of Chapter 11 bankruptcy. A new mayor, former Detroit Piston and automotive supplier executive Dave Bing, recently took office following the criminal prosecution and resignation of Detroit's former mayor Kwame Kilpatrick. In light of the distressed auto industry and Detroit's historic reliance on that industry, a logical conclusion would be that Detroit's casinos have followed a nationwide trend of declining gaming revenue. Read the full article published in The Deal, "Sign of the Times."