Detroit Casinos are Still Behind, while Michigan Tribal Casinos Have Returned to Pre-Pandemic Levels
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Michigan’s retail casinos would probably qualify as stable in 2022. According to publicly accessible reports from tribal casinos and the Detroit casinos, 2022 was quite similar to 2021.
Widening the scope of the situation, however, reveals that tribal casinos have collectively recovered from the harm the COVID-19 outbreak did to the market. The three casinos in Detroit cannot claim the same thing.
Michigan Tribal Casinos Recovered Better than Detroit Casinos
The three casinos in Detroit had a decrease of 0.8% from 2021 while the tribal casinos witnessed a 2.2% decline in reporting year over year.
Collectively, tribal casinos predicted that 2022 will be a little better year than 2019, growing by 1.1%. Some tribal casinos saw quite a decline in revenue over the period from 2019 to 2022, like Bay Mills, which saw a decline of 23.3%. Other tribal casinos that saw a decline include Grand Traverse Band, Gun Lake, Little River Band, and Pokagon Band. However, most tribal casinos saw a negligible decline or an increase in profits:
- Hannahville Tribe saw an increase in revenue of 13.1%;
- Lac Vieux Desert Band – an increase of 5.8%;
- Saginaw Chippewa – an increase of 13.0%;
- Keweenaw Bay- an increase of 25.7%.
The same cannot be said about Detroit casinos.
Casinos in Detroit have had a 13.6% decrease in table game and slot revenue since 2019:
- MGM Grand Detroit – a decline of 3.8%;
- MotorCity Casino – a decline of 19.7%;
- Hollywood Casino at Greektown – a decline of 22.8%.
