Notes to Consolidated Financial Statements 55 NOTE 7 — OTHER ACCRUED LIABILITIES As discussed in Note 10, the Company has provided a guaranty for up to 50% of the interest and principal payment obligations on the construction financing of the first tower as well as a completion guaranty. The Company recorded its share of the results of operations of the unconsolidated affiliates as follows: Summarized balance sheet information of the unconsolidated affiliates is as follows: Summarized results of operations of the unconsolidated affiliates are as follows: Other accrued liabilities consisted of the following: Y ear Ended December 31 (In thousands) 2004 2003 2002 Income from unconsolidated affiliates . . . . . . . . . . . .  $119,658 $ 53,612 $ 32,361 Preopening and start-up expenses . . . . . . . . . . . . . . — (19,326) (7,757) Non-operating items from unconsolidated affiliates . .  (12,298) (10,401) (1,335) Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $107,360 $ 23,885 $ 23,269 At December 31 (In thousands) 2004 2003 Current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $ 126,791 $ 81,193 Property and other assets, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,388,811 1,309,242 Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  103,892 81,526 Long-term debt and other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . .  531,112 622,701 Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 880,598 686,208 Y ear Ended December 31 (In thousands) 2004 2003 2002 Net revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 966,642 $551,669 $ 250,317 Operating expenses, except preopening expenses . . .  (721,998) (441,526) (184,268) Preopening and start-up expenses . . . . . . . . . . . . . . . — (39,186) (15,514) Operating income. . . . . . . . . . . . . . . . . . . . . . . . . . . .  244,644 70,957 50,535 Interest expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . .  (34,698) (21,700) (1,212) Other nonoperating income (expense) . . . . . . . . . . . . 9,789 4,297 (1,336) Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $ 219,735 $ 53,554 $ 47,987 At December 31 (In thousands) 2004 2003 Payroll and related. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $ 162,943 $ 163,842 Casino outstanding chip liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  85,086 75,079 Casino front money deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  67,621 45,642 Other gaming related accruals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  50,186 46,313 Advance deposits and ticket sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  65,810 39,499 Taxes, other than income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  47,311 43,206 Amounts due to City of Detroit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  17,500 22,344 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  111,468 123,520 $ 607,925 $ 559,445