Detroit’s three casinos, MGM Grand Detroit, MotorCity Casino and Greektown Casino, reported a combined revenue of $105.9 million for the month of July, according to the latest figures from the Michigan Gaming Control Board.
This marks a significant increase compared to the same period last year, when the casinos reported a revenue of $69.3 million. The surge in revenue can be attributed to the easing of COVID-19 restrictions and pent-up demand from customers eager to return to the casinos after a year of closures and limited capacity.
MGM Grand Detroit led the way with $50.3 million in revenue for the month, followed by MotorCity Casino with $31.8 million and Greektown Casino with $24.8 million. All three casinos saw an increase in revenue compared to July 2020, with MGM Grand Detroit experiencing the largest growth at 69.7%.
The casinos also reported an increase in sports betting revenue, with a total of $19 million in sports betting revenue for the month of July. This is a promising sign for the future of sports betting in Detroit, as more states across the US continue to legalize and regulate the industry.
Despite the positive revenue figures, the casinos are still facing challenges as they navigate the ongoing impact of the pandemic. The casinos have implemented strict health and safety protocols to ensure the safety of both employees and customers, including mask mandates, social distancing measures, and enhanced cleaning protocols.
The casinos are also facing increased competition from online gambling platforms, which have seen a surge in popularity during the pandemic. However, the casinos remain optimistic about their future prospects as they continue to adapt to the changing landscape of the gaming industry.
Overall, the July revenue figures are a positive sign for Detroit’s casinos as they continue to recover from the challenges posed by the pandemic. With the easing of restrictions and the return of customers eager to enjoy a night out at the casino, the future looks bright for Detroit’s gaming industry.