Detroit Casinos Are Expected to Reopen This Week!

MGM Grand Detroit

The state of Michigan is home to a huge number of world-class casinos. A few of them are located in Detroit. Back in November, Governor Whitmer ordered all of the casinos throughout Michigan to close down. On December 23rd, Detroit casinos are expected to open their doors again.

Gambling fans in this area are excited. Some health experts, however, fear that reopening the state’s casinos could lead to another increase in Covid-19 cases. Today, we’ll talk about the current plan to get casinos reopened in Michigan.

Let’s get into it!

US Casinos See Major Dips in Revenue Last Month

The entire US casino industry has been surging for the past few years. Major gambling destinations such as Atlantic City and Las Vegas saw their casino revenue increase. Many smaller casino hubs also began seeing a large increase in their gambling earnings.

We also saw states recently expand their casino industries. There are currently several different casino-resorts scheduled to open in Nevada next year. Illinois also approved a capital plan that allows several new casinos to open throughout the state.

As most are aware, the progress being made in this industry came to a complete halt this year. Every state ordered casinos to shut down back in March. It took months for any casinos to allow their commercial casinos to reopen again.

It’s been nine months since the shutdowns took place. Incredibly, this industry is still a long way away from a complete recovery. Several states recently ordered their commercial casinos to close their doors again. It’s proving to be incredibly difficult for the casino companies operating throughout the United States.

Michigan was one of the states that recently ordered commercial casinos to close down once again. This shutdown was never expected to last forever. We’re now beginning to hear about when the casinos here will finally reopen to the public.

It’s been a difficult time for the casino companies in Michigan. Here’s what you need to know about the major casino-resorts in the city of Detroit!

Detroit Casinos Have Permission to Reopen on December 23

There are a huge number of different casinos spread around the state of Michigan. Many of these are Native American-run casinos that aren’t forced to abide by state regulations. The commercial casinos here, however, have been closed down since mid-November.

New reports claim that Detroit casinos have been given permission to open back up on December 23. Over the weekend, Governor Gretchen Whitmer lifted regulations that are keeping casinos closed to the public. These venues can reopen on Wednesday with a total capacity of 100 individuals.

MGM Grand Detroit remains the largest and most profitable gambling property in this city. David Tsai, president of Midwest Group, MGM Resorts International, spoke about the plans to reopen this property to the media this week.

“Our team is prepared to welcome back just as many guests on our casino floor as we had prior to our closing in November, socially distanced across our 150,000+ sq. ft. casino floor,” Tsai said. 

The MGM Grand Detroit is set to reopen at 5 pm on Wednesday. MotorCity Casino Hotel will open its doors again at 1 pm Wednesday. Greektown Casino-Hotel, the final casino in the city of Detroit, will finally open back up at 9 pm on Wednesday. Each of these properties will continue to order mask-wearing and are limiting the number of games available to players.

Casino revenue in Michigan has dropped by 55% throughout 2020. Hope is that the situation here begins to improve as 2021 progresses.

MI’s Online Sports Betting Industry is Set to Launch Early Next Year

Land-based casino revenue has been dropping consistently throughout the year. Sports betting revenue, however, has been increasing throughout the year. Many of the states with legal sports betting options are bringing in much-needed tax money from this industry.

Sports betting has also helped to bring many of the country’s casino companies revenue. Some of the top casino operators in the country have recently begun shifting their focus to sports gambling. Lawmakers in Michigan finally legalized sports betting back in 2019.

In March of this year, the first sportsbooks in this state finally launched. Only land-based sports betting is currently available here. Many have been asking state officials to finally announce when online sportsbooks will launch.

It seems we now have an answer. New reports have recently surfaced that claim the state’s first online sports betting options will become available in early 2021. This move is almost guaranteed to bring a massive increase in revenue here.

Based on the way things are going, Michigan’s gambling industry is set to expand in a big way next year. Detroit casinos will reopen to the public this week. Online sportsbooks are set to go live in early 2021.

Are you excited to see the casinos in Detroit reopen to the public? When do you expect the casino industry to recover here? Let us know in the comments section below!

Casino Revenue in Detroit is Down 60% This Year

Many casinos around the United States have been open for weeks. Recently, revenue reports for different states have begun to surface. News has just surfaced that shows casino revenue in Detroit has dropped by an astounding 60% so far this year.Michigan State Flag

It’s a shocking reminder of how far this industry has dropped over the past couple of months. Many fear the country’s casino industry will never look the same as it did at the start of this year. Now is the perfect time to look at how much money the casinos in Detroit have been earning in 2020.

Let’s get into it!

Michigan’s Biggest Casinos Remain Shut Down

As we just mentioned, many casinos around the United States have recently begun to reopen. For many states, it was a necessity to get this industry up and running. Places like Las Vegas and Atlantic City rely almost entirely on their gambling and tourism industries.

At the start of July, lawmakers in Michigan announced plans to reopen casinos in the state. The plan was to get Detroit’s casinos operational within a week or two. Unfortunately, we’re coming close to the end of the month and there is still no word on when exactly these gaming venues will be allowed to reopen.

Cases of Covid-19 continue to increase around the country. State leaders are now beginning to roll back on their reopening plans. Michigan seems to be halting its plan to get its casinos open to the public.

This isn’t much of a surprise. Casinos, even with intense social distancing and health measures set in place, remain easy places for this new coronavirus to spread. This is an issue plaguing all casino destinations around the country.

Casino companies in this state are taking a major hit. All have lost an incredible amount of money this year. New reports have just surfaced that show exactly how much revenue has been lost here over the past six months.

Casino Revenue in Detroit Has Fallen 60% in 2020

Michigan is home to a large and successful casino industry. The majority of gambling venues in this state are Native American-run casinos. There are only three casinos, all of which are located near Detroit, that are commercially operated.

Obviously, all the casinos here are taking a massive hit due to the events taking place around the world. The commercial casinos, in particular, have been struggling immensely. New reports are now coming out that show casino revenue in Detroit has dropped by 60% so far this year.

All three of these venues are seeing much lower revenue figures when compared to 2019. Through six months of the year, these casinos have managed to bring in $299.2 million. That’s a major drop compared to the $734.5 these casinos made last year.

This is a tough blow for the state and the city of Detroit. Casinos here help to bring in a significant amount of money via taxes. Michigan earns 8.1% of a casino’s net winnings. Detroit earns 10.9%.

Casino revenue in Detroit is likely to remain low for all of this year. Interestingly, many of the Native American casinos in the state have recently started to operate again. All of them are finding it difficult to attract players, though.

Is sports betting going to help Michigan’s gambling industry survive?

US Sports Betting Industry Continues to Grow

It’s clear that the US casino industry is hurting right now. Some states have allowed their land-based gaming venues to begin operating again. Revenue from the industry is still down around the country.

Interestingly, sports betting is growing more popular than ever before. More than 20 states around the country have already legalized this form of gambling. Most of them have seen their sports betting revenue increase recently.

That’s a little surprising when you consider the fact that most sports leagues have been shut down. Fortunately, many of these leagues have finally begun to resume operations. The UFC, MLS, and PGA have all begun holding events again.

Some casino destinations are now relying on their sports gambling revenue more than ever before. Over in Atlantic City, revenue from online sports betting is still increasing. Casinos here, meanwhile, are having a difficult time drawing in players.

Casino revenue in Detroit is down nearly 60% this year. Some feel that Michigan will fast-track the plans to allow online sports betting to make up for these losses. We’ll continue offering updates on the revenue earnings here over the next few months!

Do you think the casinos in Detroit should be allowed to reopen? Let us know in the comments section below!