Kenosha Casino Would Drain Potawatomi Bingo Casino

As reported by the Milwaukee Journal-Sentinel: "A casino in Kenosha would drain an estimated $162 million a year in revenue from an expanded Potawatomi Bingo Casino in Milwaukee, according to a new study.

"The report, commissioned by the Forest County Potawatomi Tribe and released Wednesday by the tribe, says profits for the tribe - amounting to about 55% of revenue - would take an $89 million-a-year hit, or $1.8 billion over 20 years, if the Menominee tribe's plan for a Kenosha casino is approved.

"The figures were contained in a lengthy submission by the Potawatomi tribe this week to the U.S. Bureau of Indian Affairs in opposition to the Kenosha casino. The bureau is considering the Menominee bid for an off-reservation casino at the site of Dairyland Greyhound Park, which would be sold and included in an $808 million tribal gaming complex to be jointly developed by the Menominee, the Mohegan tribe of Connecticut and Kenosha businessman Dennis Troha.

"…The drain in gambling money from Milwaukee that the new study predicts represents a reduction in a much larger potential casino take, not a drop from current revenue. The Potawatomi casino in Milwaukee will take in about $300 million this year, according to the report by REH Capital Partners, a Florida investment firm…"