\nWe are cautiously optimistic,” said David Massaron, the city’s chief financial officer, to The Detroit News<\/i>. “We are trending ahead of where we are in terms of the monthly forecast. But we don’t know what that portends for the year as a whole.”<\/p>\n<\/blockquote>\n
“We don’t know if that is pent-up demand, or if it is the beginning of the upward ramp-up,” he added.<\/p>\n
Though being open two less days, MGM still won the most money in August — $28.63 million. MotorCity was second at $25 million, and Greektown a distant third at $15.68 million.<\/p>\n
Financial Damage<\/b><\/h2>\n
Detroit’s three commercial casinos play a critical role in the Motor City’s finances. The state collects 8.1 percent of each gaming property’s casino win, while the city receives 10.9 percent.<\/p>\n
Detroit uses the casino money for hiring and training of police officers, downtown economic development, emergency medical services, anti-gang community initiatives, and other programs aimed at improving the quality of city life.<\/p>\n
\n
The city’s share of the August casino win was $8.25 million. That’s down more than half compared with the $18.46 million the city received in August of 2019. However, Massaron was forecasting a roughly $3 million casino payment from last month’s gambling.<\/span><\/p>\n<\/div>\nMassaron expects the city to receive approximately $135 million from casinos in the 2020-21 fiscal year. That’s 25 percent less than the $184 million the city collected in 2019-20.<\/p>\n
Poker Comeback<\/b><\/h2>\n
Cooler temperatures are setting in, and that means many Detroiters are moving inside and looking for some indoor entertainment.<\/p>\n
Detroit casinos actually fare quite well in the winter months. December 2019 GGR totaled $127.83 million, which was the market’s second-best month of the year. November was the city’s fifth-strongest showing.<\/p>\n
MotorCity and Greektown are planning to welcome back poker players by opening their rooms as early as this week.<\/p>\n
\nDetroit’s best Poker Rooms reopens NEXT WEEK!” an email sent this week from MotorCity explained. Greektown said it will have its poker room “back up in a few weeks.”<\/p>\n<\/blockquote>\n
The Michigan Gaming Control Board (MGCB) has not issued health safety directives for casinos reopening their poker rooms. The MGCB will need to sign off on such plans before a casino can resume poker play.<\/p>\n","protected":false},"excerpt":{"rendered":"
The three Detroit casinos collectively won $69.3 million in August, their first month back in operation following their state-ordered shutdowns that lasted four and a half months. MotorCity and Greektown reopened August 5 — the first day permitted by Michigan Gov. Gretchen Whitmer (D). MGM Grand Detroit began welcoming back guests two days later on […]<\/p>\n","protected":false},"author":25,"featured_media":148787,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Detroit Casinos Win $69M in First Month Back, Revenue Down 42 Percent<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n