MGM Grand Casino In Detroit Thrives While Others Falter

8.14.08

The city of Detroit is not any different than others in the United Stats. Whether or not their Red Wings won the Stanley Cup, they still are dealing with tough economic times.

Their casinos are following a trend throughout the country of revenue loss. While two of their casinos had revenue figures decrease from July of 2007, MGM Grand Detroit saved the day by posting a revenue increase.

MotorCity Casino had a decrease of 7.26 percent from last year in July. Their revenue of $39.6 million was down from $42.7 million last year.

Greektown Casino experienced a much more drastic drop in revenue. Their $25.4 million dropped off 13.2 percent from July of 2007. The two casinos are following the national norm for casinos.

MGM did not have such problems. They took in $50.5 million in revenue, an increase of a whopping 22.25 percent. That increase is unusual at a time where the economy is hurting almost every casino in the country.

Fuel prices have been cited at many of these casinos as the reason for revenue decreases. People have also been losing their jobs which is resulting in less gamblers having the money to frequent these casinos.