03/04/2012 09:41 am ET Updated May 04, 2012

22 New Michigan Casinos Planned, But Success Isn't A Sure Bet

Private investors and Indian tribes are proposing 22 new casinos across lower Michigan, and metro Detroit is clearly among the targets of the gambling gold rush.

Hopefuls are wagering -- against long odds -- on plans that could make them millions of dollars while also nearly doubling the number of casinos in the state. Six organizations want in on the game -- two investor groups separately seeking state constitutional amendments and four tribes trying to expand off-reservation gambling.

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