Hollywood Casino at Greektown News - Page 4

The three Detroit casinos reported $101.4 million in monthly aggregate revenue in October while continuing to operate at 15% capacity due to COVID-19 health concerns.

MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino Hotel will receive a commercial casino license issued for a one-year period in Michigan.

The three Detroit casinos reported $87.9 million in monthly aggregate revenue in September while continuing to operate at 15% capacity due to COVID-19 health concerns.

Compared with August 2019 results, revenue fell 46% to $28.6 million at MGM Grand Detroit, 37.5% to $25 million at MotorCity and 41.5% to $15.7 million at Greektown.

Some states in the U.S. are dealing with much higher COVID cases than others which leads them to the dilemma of what to reopen to the public.

The Detroit casino will resume operations with limited guest capacity on the gaming floor to 15% of maximum occupancy. Slots and tables will be restricted to, at least, every other gaming position being available.

The Detroit casinos' year-to-date aggregate revenue fell 59.3% through 30 June as the COVID-19 health emergency has kept their doors closed since 16 March.

MotorCity Casino, MGM Grand Detroit Casino and Greektown Casino Hotel all state that they are temporarily closed on their websites. No reopening dates have been determined.

The three Detroit casinos’ year-to-date aggregate revenue of $299.2 million was down by 51.6 percent through May compared to 2019.

The Detroit casinos reported $299.2 million in aggregate revenue through April, which is down 39.2% from $492.1 million in revenue reported for the same four months in 2019.

As a result of the coronavirus outbreak in the U.S., casinos across the country have announced temporary closures. These resorts will continue to assess the situation over the next two weeks and reevaluate the closures.

Penn National Gaming announced it will temporarily suspend operations at Greektown Casino Hotel for a period of two weeks beginning at 5 p.m. on 16 March, as a precautionary measure against the spread of COVID-19.

Trade show cancellations are pouring in, sportsbooks that would have been jam packed next week for March Madness will now be empty, and with a travel ban to the U.S. in place, visitation numbers will plummet.

The supplier enabled partners Rush Street Interactive and Penn National Gaming to take the first legal wagers in the states of Illinois and Michigan respectively.

Greektown Casino Hotel and MGM Grand Detroit Casino are expected to accept their first sports wagers today, and MotorCity Casino likely won't be far behind.

Both MGM Grand Detroit and MotorCity Casino experienced their highest yearly adjusted gross revenue totals since the casinos opened in 1999.

William J. Fair will be stepping down as Executive Vice President and Chief Financial Officer at the conclusion of his current employment contract term, which expires 31 March 2020.

The company announced the sale of the Detroit casino and hotel for $1 billion to Penn National Gaming and VICI Properties.

Jackpots are constantly being won around the world, but winning a six-figure or even seven-figure jackpot is quite rare.

Along with another sportsbook opening, this week's Friday Five consists of two jackpot winners, an Atlantic City resort expansion and Penn National Gaming acquiring a casino.