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Tag Archives: Casinos
The three Detroit temporary casinos are now up and running and have all turned in a profit for the year 2000. There was seventy three million dollars in taxes paid to the city for last year on reported revenue of $743 million. According to a story in the Detroit News earlier this year, the forecasted revenue for this year is close to one billion dollars in revenue. Considering this is based on the temporary casinos, and that Greektown Casino has only been opened for four months, it is a strong indication of the growth potential for this industry in Southeastern Michigan. Its also creates a question as to if the permanent casinos are necessary. Would the permanent casinos provide more profits or drain revenue?