Casino News Detroit
Detroit, MI's real-time and most comprehensive local Casino-detroit news. Detroit Casino-detroit. Revenue at the city’s three gaming venues — MGM Grand Detroit, MotorCity Casino, and Greektown Casino — has plummeted 59.3% over the first half of 2020, according to The Detroit News. Through the first six months of 2019, the three casinos combined to generate $735.4 million. Detroit Mayor Mike Duggan suspended anti-blight programs across the city, and delivered the grim news that entertainment - including Detroit's cash cow casinos - may not reopen for months.
- Greektown Casino Detroit News
- Greektown Casino Detroit News
- Are Detroit Casinos Open Now
- Detroit News Mgm Casino
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
Greektown Casino Detroit News
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.
Greektown Casino Detroit News
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!
Feb. 5 (UPI) -- A Detroit casino is not liable for $6 million earmarked for construction projects but lost in gambling, Michigan's Court of Appeals ruled on Wednesday.
The three-judge panel upheld an earlier ruling in Wayne County Circuit Court, which rejected a case in which 12 investors sued the MGM Grand Detroit casino, saying it could have stopped Gino Accettola from gambling with money given him for construction projects in 2014 in Florida and Michigan.
He was convicted of a different crime of fraud in 2018 and is currently serving a prison sentence of seven to 30 years for financial crimes. It was revealed in his trial that he gambled away the investment at the Detroit casino. The judges ruled that, although the casino extended credit and other hospitality to Accettola and could have initiated a credit check, it is not liable for the investors' losses.
'According to plaintiffs, a background check would have revealed that Accettola had no employment or other source for the millions he used to gamble at defendant's casino,' the 11-page ruling read in part. 'It also would have revealed that he had a criminal history involving identity theft and larceny by conversion, among other crimes, and that he had served significant time in prison.'
Are Detroit Casinos Open Now
The judges ruled that the casino acted in good faith, was unaware of Accettola's lack of gambling competence and did not know the money gambled was obtained for other purposes and thus indicated fraud.
Although Corey Silverstein, the investors' attorney, referred to Accettola in court as 'the worst gambler on the planet,' the judges agreed that the casino provided him 'reasonably equivalent value,' indicating that the casino is not accountable for judging a gambler's skill level before wagers are placed or accepted.