In a surprising turn of events, the Detroit casino industry reported nearly $102 million in revenue for the month of September. This significant increase in revenue comes as a welcome relief to the struggling industry, which has been hit hard by the ongoing COVID-19 pandemic.
According to the Michigan Gaming Control Board, all three Detroit casinos – MGM Grand Detroit, MotorCity Casino, and Greektown Casino – experienced a surge in revenue compared to the previous month. MGM Grand Detroit led the pack with a total revenue of $42.4 million, followed closely by MotorCity Casino with $35.3 million and Greektown Casino with $24.2 million.
The positive revenue report is a sign that the Detroit casino industry is slowly but surely recovering from the financial impacts of the pandemic. With restrictions easing and more people feeling comfortable returning to casinos, the industry is hopeful that this upward trend will continue in the coming months.
One of the contributing factors to the increase in revenue is the return of live entertainment and events at the casinos. With restrictions on large gatherings being lifted, casinos have been able to host concerts, comedy shows, and other special events, drawing in more customers and boosting revenue.
Additionally, the casinos have implemented strict health and safety measures to ensure the safety of both employees and guests. This includes mandatory mask-wearing, temperature checks, increased cleaning protocols, and social distancing measures. These measures have helped to instill confidence in customers and encourage them to return to the casinos.
The revenue report also bodes well for the city of Detroit, which relies heavily on tax revenue generated by the casinos. With the increase in revenue, the city can expect a boost in tax revenue, which will help to support essential services and infrastructure improvements.
Overall, the record-breaking revenue totals in September are a promising sign for the Detroit casino industry. With continued vigilance in health and safety measures, as well as the return of live entertainment and events, the industry is poised for a strong recovery in the coming months.