Two decades after Michigan voters approved the introduction of casino gaming, the industry is delivering for the town of Detroit, consistent with panelists at a roundtable discussion at MGM Grand Detroit with all three casinos represented.

The roundtable featured Congresswoman Brenda Lawrence (MI-14); Detroit City Council President Brenda Jones; Steven Zanella, president and COO, MGM Grand Detroit; Bruce Dall, CFO, MotorCity Casino-Hotel; Jason Gregorec, general manager and CEO, Greektown Casino-Hotel; and Geoff Freeman, president and CEO, American Gaming Association (AGA). 

“The gaming industry is proud to play a vital role within the reemergence of town of Detroit,” said AGA’s Freeman. “MGM Grand, MotorCity and Greektown are reaffirming the verdict of voters TWO DECADES ago by delivering good jobs, unmatched tax revenue and valued partnerships with community leaders in Detroit.”

The event was held as a part of AGA’s Get to grasp Gaming campaign to polish a focus on gaming’s many positive impacts on communities across 40 states. In Michigan, gaming is a $2.8 billion industry that supports greater than 17,000 jobs and generates greater than $721 million in local, state and federal tax revenue. 

“Detroit’s three casinos was partners within the community’s campaign to get this great city back at the right track,” said Congresswoman Lawrence. “We’ve seen their commitment to Detroit going beyond hiring local vendors and promoting diversity throughout their organizations. The best impact will also be realized in jobs offered in a variety of careers providing a route to the center class for the residents of Detroit, in addition to their mission-based philanthropic efforts which infuse additional resources within the city and beyond.”

Last year, the town of Detroit received $174.3 million in tax revenue – or 16 percent of the City’s total overall revenue – from the 3 casinos. As Detroit sought to emerge from bankruptcy, casino revenue was the third-largest income for the City, in line with a printed report, and, “the most stable source of money.”

“The revenues from MGM Grand, MotorCity and Greektown Casinos allow our city to circumvent significant financial problems,” said City Council President Jones. “The gaming industry is providing good jobs for Detroit residents, while enhancing our small businesses and serving as a real community partner.”

Participants discussed the industry’s contributions to programs that support education, veterans, employee growth, sustainability, the humanities and more. Others who attended the development included local elected officials, community leaders and industry employees who know firsthand the industry’s commitment to job training and placement, charitable giving and community stewardship. 

“We’re proud to be a fixture of the Detroit community and can continue to construct at the success we’ve had employing thousands of city residents and playing the most important role within the revitalization of our city,” said MGM Grand Detroit, MotorCity Casino-Hotel and Greektown Casino-Hotel.   

In November 1996, Michigan voters approved Proposal E, effectively authorizing three licensed casinos to be inbuilt Detroit. Proposal E was later substantially improved and strengthened, then signed into law because the Michigan Gaming Control & Revenue Act.

AGA has hosted similar events in Ohio, Iowa, Colorado, Nevada and Pennsylvania. Across 40 states, casino gaming is a $240 billion industry that supports 1.7 million jobs and generates $38 billion in tax revenue. For more information, visit GetToKnowGaming.org. 

Read More... [Source: Gaming Industry News]