MGM Grand Detroit posted a net income of $155.7 million last year, according to its parent firm's earnings statement.(caption) Exteriors of the MGM Grand Hotel and Casino in Detroit. Photos taken on Friday, May 23, 2014. ( John T. Greilick / Detroit News ) (John T. Greilick / The Detroit News)
Employment at Detroit’s three casinos dipped 4.4 percent in 2013, according to job numbers released Wednesday by the American Gaming Association.
MGM Grand Detroit, MotorCity Casino and Greektown Casino employed 7,633 permanent workers last year, 350 less than in 2012.
Casinos paid their employees $401 million in wages, benefits and tips in 2013. Those gaming jobs included: accounting, hotel management, information systems, technology, software, food and beverage, retail and entertainment.
“Casino gaming has created thousands of jobs in Detroit that pay well above the minimum wage and offer fulfilling careers in a range of professions that extend beyond the casino floor,” said Geoff Freeman, president and CEO of the association, in a statement. “Americans feel more favorably toward casino gaming than ever before, and they recognize that gaming creates jobs, boost small businesses and positively affects local communities. We're proud that casinos are playing an important role in Detroit's recovery and we look forward to being a partner for years to come.”
Casino gaming is a top-10 private sector employer in Detroit. In 2012, the Detroit casino market was the fourth largest in the nation, generating more than $1.4 billion in revenue, according to the Innovation Group, a consulting services company for the leisure and hospitality industry. Only Las Vegas, Atlantic City and Chicago areas were larger.
MGM Grand Detroit posted a net income of $155.7 million last year, according to its parent company's earnings. Greektown Casino, which is undertaking a $50 million upgrade in gaming equipment, lost $31 million in 2013. MotorCity Casino, privately owned by Marian Ilitch, does not publicly report annual earnings.