Detroit Free News….
A tribal gaming authority has reached a settlement with investors over failed plans to build an off-reservation casino near Detroit Metro Airport and another in downtown Lansing that is significantly less than the $90 million judgement it was ordered to pay earlier this year.
Under the settlement reached Monday, the Kewadin Casinos Gaming Authority is to pay $25 million this week to the investors and later between $5 million and $10 million in additional payments, depending on the outcome of Kewadin’s anticipated legal malpractice lawsuit against its former attorneys in the case.
Kewadin belongs to the Sault Ste. Marie Tribe of Chippewa Indians, which is the largest tribe within Michigan by membership and currently operates five small Kewadin casinos in the Upper Peninsula. It is the same tribe that opened Detroit’s Greektown Casino as a non-tribal venture before losing it to bankruptcy in 2008.
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