MGM Resorts, Caesars Entertainmen t and Wynn Resorts are also facing possible walkouts in Las Vegas. The Detroit Casino Council estimates each day of a strike could put approximately $738,000 in city and state tax revenues and $3.4 million in casino operator revenues at risk. They are required by Michigan gaming regulators to partner with land-based casinos to get a license to operate. The Detroit Casino Council revenue numbers include iGaming and online sports revenues.

The three Detroit casinos collectively reported $813 million more in total gaming revenues in 2022 than in 2019, but total wages paid to workers represented by the DCC were $34 million less when comparing those same years.'īut brick-and-mortar casinos saw revenues of $1.2 billion in 2022, about a $200 million decline from 2019, before the Covid-19 pandemic. 'In 2022, the Detroit casino industry generated $2.27 billion in gaming revenue and is on track for another record-breaking year in 2023. 'In contrast, industry gaming revenues have now surpassed pre-pandemic levels to reach a new record high,' the Detroit Casino Council wrote in a news release. The deal, which has now expired, included 3% wage increases even as the cost of living has surged 20% amid high inflation, according to the union. The Detroit Casino Council argues casino workers agreed to a three-year contract during the pressure-packed earlier days of the Covid-19 pandemic.

'Regarding the status of our negotiations, we've made six proposals to the union and our current offer includes the single largest pay increase in the history of MGM Grand Detroit. Matt Buckley, president and COO of MGM's Midwest Group, sent a letter to employees of MGM Grand Detroit that made clear the company also intends to keep the property open and running. The Hollywood Casino at Greektown said in a statement to CNBC, 'We are disappointed by the decision of the Detroit Casino Council as we have made generous, progressive settlement offers that position our team members and business for sustainable success.' The management says it will remain open for business. MotorCity Casino updated its website showing that high-limit table games and poker rooms as well as casino valet were closed, in addition to its spa and some restaurants and bars.įanDuel, which operates the FD Sportsbook in conjunction with MotorCity, told CNBC it will be closed with the exception of a non-union MCC employee managing the cash at the counter for patrons needing to cash in tickets, which keeps with Michigan regulatory requirements. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

Detroit casino strike update today