Detroit Casinos Restore the Roar

The three casinos in Detroit have all experienced a great first half of 2015, showing overall growth of 4.8 percent in revenue over 2014. The largest increase was seen by MotorCity Casino Hotel, which showed a growth of 5.4 percent.

After years of steady decline, casinos in the Motor City have bounced back in 2015, with a first half that shows a 4.8 percent increase in revenue from the year before. Out of the three Detroit casinos, MotorCity Casino Hotel has shown the largest gain, with a revenue increase of 5.4 percent. MGM Grand Detroit is up 4.8 percent, while Greektown Casino-Hotel is up two percent.

Through the first six months of the year, Detroit casinos’ taxes have made up 16 percent of revenue for the entire city. The taxes help fund police and fire departments, in addition to contributing towards overall economic development.

One of the biggest contributors has been the price of gas, which was averaging nearly $3.80 a gallon last year in Detroit, but has fallen to just $2.95 a gallon currently. The figures however, do not show non-gaming revenue, and convention business has been growing as well in Detroit.