Strong July for Detroit casinos
The city’s three commercial casinos, the MGM Grand Detroit, MotorCity Casino Hotel, and Greektown Casino Hotel, collectively paid $9.6 million in taxes to the state, and $14.1 million to the City of Detroit. Year-to-date, revenue at the Detroit casinos is fractionally up at 0.5 percent.
MGM was responsible for the lion’s share of the revenue with 42 percent. MotorCity and Greektown accounted for 34 and 24 percent, respectively. Michigan is home to 12 federally recognized Indian tribes that offer casinos, and Detroit’s three commercial venues.
Earlier this week, Republican presidential candidate Donald Trump visited Detroit. The former casino executive focused on the economy and the city’s 2013 municipal bankruptcy filing.
“Detroit was once the economic envy of the world,” Trump told the Detroit Economic Club. “When we were governed by an “America first” policy, Detroit was booming. Engineers, builders, laborers, shippers and countless others went to work each day, provided for their families, and lived out the American Dream.
“But for many living in this city, that dream has long ago vanished,” the GOP candidate added.
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