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To: Gary M. Reed who wrote (55)	5/15/1997 4:20:00 PM
From: Scott	of 110

Gary, Thanks for the earnings release date. In terms of Michigan, there have been hearings going on relating to Proposal E all this month. The last one took place yesterday. So far there has been absolutely no resistence. The next hearing is scheduled for May 21. That is the big one. All of the major political players will be there ie...State Attorney General ect...The target date seems to be June 25, however, if there continues to be no resistence that date could be moved up. If that's the case the compact should be done by no later than the 25th as I have been told that the compact should get approval around the same time that Proposal E is taken care of. Let's keep our fingers crossed. Some other news - Pigeon Forge is going gangbusters ie...good news for 3rd Q and the Tunisia project looks to be about 1 month behind in terms of construction. Opening date around August 1. No problem with implementation, just some short construction delays. Things are looking very bright for the 2nd half of the year.

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