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!

Casinos in Detroit Will Lose More than $60 Million During Shutdowns

Casino Floor In Michigan

Michigan is home to a large number of commercial and Native American casinos. Several of the commercial gambling venues in the state are based in Detroit. Unfortunately, new reports claim that the casinos in Detroit are likely to lose more than $60 million due to the most recent shutdowns.

It’s tough news for the casino companies based in this state. Several other states have recently implemented casino shutdowns, as well. Today, we’re going to talk about how things are going for the casinos based in the state of Michigan.

Let’s get into it!

More States Begin Considering Additional Casino Regulations

The land-based casino industry in the United States has been working extremely hard to get back on track this year. This past March, all of the casinos around the country were forced to shut down. It took months for most casinos to start operating again.

Nevada’s casino industry has been slow to recover. Monthly earnings are increasing, yet they remain far lower when compared to the same months in 2019. Many of the casinos in Las Vegas have been forced to shift their hours due to a drop in tourism.

Atlantic City has been faring slightly better. The online sports betting and casino gambling options are bringing the state valuable revenue each month. Casinos here have already been seeing small restrictions being set in place. Not long ago, Governor Murphy announced that new, more intense restrictions could be coming soon.

Many states have recently begun ordering their casinos to shut down. That includes Michigan, Colorado, and Illinois. It’s unclear when exactly the casinos in these states will be given permission to reopen again.

It now appears that several other states are interested in shutting down casinos, as well. Many health experts have been warning that these venues pose serious risks to public safety. Casino officials are pushing against this idea and claim this could have permanent effects on the industry moving forward.

We’re now starting to see how much money these shutdowns are costing companies.

Reports Claim the Casinos in Detroit Will Lose More than $60 Million Since Shutting Down

Michigan has been implementing very intense regulations over the past few months. Earlier this week, Governor Whitmer ordered all of the casinos in this state to close their doors. Many complained that this was unfair to the gambling companies operating here.

Lawmakers disagreed and felt there was no other option. Michigan has been seeing a steady increase in Covid-19 cases over the past few months. Closing casinos was seen as a way to cut down on further infection spread.

It’s now becoming clear that this will have a dramatic effect on the state’s casino industry. That’s particularly true with the casinos based in Detroit. According to new reports, the casinos in Detroit will lose more than $60 million due to the recent shutdowns.

That is a staggering figure to hear. Prior to these shutdowns, Detroit casinos were bringing in impressive revenue figures. They are now being ordered to close for three weeks, which analysts predict will cost approximately $67 million.

Sports betting became legal in Michigan this year. Unfortunately, hopes that regulated online sports betting options would become available this year are now dead. Most predict this will happen sometime in 2021.

Regulated online gambling options are helping to bring in a huge amount of revenue for different states. Several states are interested in legalizing this industry now.

The US Online Sports Betting Industry Continues to Grow

It’s only been a few years since the US Supreme Court decided to strike down PASPA. This was one of the biggest moves for the country’s gambling industry in history. Immediately afterward, several states began allowing sports wagering.

This industry has continued to grow every single year. Today, more than half the country has approved sports betting legislation up and running. Most of these states are profiting massively, as a result.

Some states currently only allow sports wagers to be made in-person through a licensed sportsbook. Others have fully-operational online sportsbooks. Online sports betting platforms are proving to be the best option out there.

New Jersey, for example, has been seeing massive revenue earnings from its online sports betting operations lately. The sports betting handles here have been hitting all-time US records. It’s great for the casino companies here, all of whom have seen major drops in their gaming revenue this year.

Hopefully, Michigan’s sports betting industry will begin to expand soon. The casinos in Detroit are in for a tough few weeks. We’ll continue offering updates on this situation!

Do you think it was right for the casinos in Michigan to shut down? Let us know in the comments section below!

Commercial Casinos in Michigan Are Shutting Down Once Again This Week

Gretchen Whitmer

States around the country are once again implementing new regulations towards their land-based casinos. It now appears that Michigan is taking some drastic measures. New reports claim all of the commercial casinos in Michigan will be shutting down for three weeks beginning on Wednesday.

It’s tough news for the casinos in this state. Lawmakers in the state clearly feel these regulations are necessary right now. Today, we’re going to talk about which companies are being affected by this new rule.

Let’s get into it!

MGM Resorts Lost $495 Million in 2020’s Quarter Three

Casino companies around the world have been taking massive financial hits throughout 2020. Interestingly, the casino industry in the US has been performing significantly better than in many other countries. Macau, for example, has been seeing more than 90% losses in monthly revenue this year.

Each state has seen its casino revenue earnings fluctuate. Many casino destinations such as Las Vegas are improving. Gaming revenue here is still significantly lower this year than it was in 2019, though.

Casino companies are taking different approaches to boost revenue figures. MGM Resorts has opened nearly all of its properties around the country. That includes Park MGM in Las Vegas, one of the last properties on the Las Vegas Strip to open its doors.

Unfortunately, MGM Resorts is still experiencing major drops in gaming revenue. A couple of weeks ago, reports surfaced that the company saw $495 million in operating costs during 2020’s third quarter. Despite the large drop, CEO Bill Hornbuckle gave an optimistic outlook for the future of the company.

No one really knows how things will look in 2021. Tourism rates in major casino destinations are falling as cases of Covid-19 increase. Some states are even forcing their casinos to close to the public once again.

That includes Michigan. Here’s what we know about the casino shutdowns here.

Gov. Whitmer Announces Casinos in Michigan Are Shutting Down

Michigan has been seeing a steady increase in Covid-19 cases over the past few weeks. Health experts have been warning that this trend will continue unless major restrictions are implemented. State leaders are listening to that advice and have begun taking new steps to cut down on infection rates.

Over the weekend, Governor Gretchen Whitmer announced that all of the commercial casinos in Michigan will close to the public for three weeks beginning on Wednesday. The state has ordered most indoor retail spaces to close. Restaurants can continue offering outdoor dining for now.

“If we don’t act now, thousands more will die, and our hospitals will continue to be overwhelmed,” Whitmer said. “We can get through this together by listening to health experts once again and taking action right now to slow the spread of this deadly virus.”

This will certainly affect MGM Resorts, which operates a popular casino in Detroit. Company officials have not yet commented on this new rule. Some analysts believe other states will soon order the same regulations.

Only commercial casinos are part of this new state order. The 24 tribal casinos operating in Michigan are able to operate under their own rules and regulations. As of now, it’s unclear whether or not the casinos will decide to shut down, as well.

Things aren’t getting any easier for casinos. Some are now questioning whether or not the casino industry in Las Vegas will be forced to close their doors again.

Will the Casinos in Las Vegas Shut Down?

No city in the US has been as affected economically as Las Vegas. This is a city that relies heavily on its tourism industry. With tourism rates low, many of the businesses here continue to see large drops in revenue.

Things have been steadily improving here since the casinos were allowed to reopen in June. Unfortunately, some now fear another major shutdown could be on the horizon. Several major casino companies are working with state leaders to avoid this situation.

We’re already seeing some limited shutdowns in the city. Some of the biggest casino-resorts here have recently been forced to close their doors during the week. With the drop in visitors, it’s not economical for these properties to remain open on weekdays.

Another major shutdown like the one implemented in March has not been announced. As many analysts point out, this would be devastating for the many businesses relying on tourism and gamblers. Instead, we’re more likely to see increased safety measures and shifted hours at the major casino-resorts.

There are reasons to be optimistic, though. With an effective vaccine, things may begin slowly returning to normal next year. We’ll continue offering updates on different state casino regulations over the next couple of months.

Are you surprised to see the commercial casinos in Michigan shut down? Do you think other states will order this, as well? Let us know in the comments section below!