Detroit’s casinos continue to rebound with a strong performance in June
By Bob Garcia
While June’s results may have dipped from May, revenue is still strong at Detroit’s casinos
As the year has progressed, the restrictions caused by COVID-19 have been decreasing, and this is due in large part to the enormous vaccination process that the US is currently undergoing. Thanks to all these efforts, casinos, such as those located in Detroit, MI, have been able to recover little by little. According to the latest reports, Detroit continues to recover, even if there are small bumps in the road.
The three Motor City casinos have agreed to keep gaming activity on the rise, and it appears that in June, they succeeded. They collectively reported a total of $108.1 million in revenue, according to figures released yesterday by the Michigan Gaming Control Board. The casinos, Greektown Casino, MGM Grand Detroit, and MotorCity Casino Hotel remained under capacity for nearly 85% of the days last month.
According to the report, on June 22, the restrictions were lifted, which means that this is the first time since early last year that the casinos were able to operate at full capacity, and it is very likely that during those eight days, revenue figures received a major boost. The report includes revenues linked to table games and slots, as well as retail sports betting. MGM undoubtedly captured the lion’s share of the market last month, with 44%, followed by MotorCity’s 35% market share and Greektown’s 21%.
Although the numbers represent a 2% decline from May, there has been a clear recovery compared to the same period in 2020. MGM reported $46.3 million in gaming revenue, MotorCity reported $37.2 million, while Greektown reported a total of $22.3 million.
Detroit is starting to see its casinos flourish again, and it is very likely that this behavior will begin to grow as the pandemic continues to fade.