3.12.08
Glitzy MGM beats the competition
Revenue at Detroit casino jumps, but dips at others
BY MARGARITA BAUZA
Joan and Richard Booth of Erie drive to Detroit three times a month to visit the MGM Grand Detroit, their pick of the metro area's casino competition.
They play slots, eat at one of MGM's restaurants, visit with their son who lives in Detroit, and then drive 50 miles home.
"This is so nice," said Joan Booth, 66, as she prepared to enter the gaming floor Tuesday with her husband.
With February revenue of $47 million, up 27.9% from the same month a year ago, the glitzy entertainment mecca appears to be immune to the area's sagging economy.
Revenue for the MotorCity and Greektown casinos dipped 2.25% and 6.89%, respectively, this February when compared with a year ago. MotorCity took in $38.3 million and Greektown took in nearly $27 million...
...MotorCity spokeswoman Jennifer Kulczycki said construction has had an impact on its performance.
"We've been aggressively advertising that we're open and here," she added. "The general economy is a concern for us."
MotorCity casino's permanent facilities are not fully open yet. The gaming area, hotel and fine-dining restaurant are open. Still to open are a full-service spa, to open in the hotel in April. An ultra lounge is to open shortly thereafter. A convention center and 1,800-seat theater for live entertainment, musicals and comedy are to open in the spring or summer... (Original Story)
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