AGA: Michigan Casinos Could See ‘Meaningful Relief’ From Stimulus

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Michigan casinos, along with numerous other businesses in the state, are striving to endure the impact of coronavirus closures.

The American Gaming Association expressed optimism as they welcomed news of the Senate’s approval of a $2 trillion stimulus bill, which was later passed by the House on Friday.

According to a statement, Bill Miller, the President and CEO of the American Gaming Association (AGA), praised the US Senate for their bipartisan efforts on the CARES Act. Miller expressed gratitude for the relief the act would provide to employees, employers, and tribal governments amidst the ongoing public health crisis. He further emphasized the significance of this Senate bill in ensuring the gaming industry’s role as a vital job creator and community collaborator.

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Potential federal cash payments through stimulus

All 26 casinos in Michigan were closed on March 22 due to concerns surrounding the coronavirus outbreak. Governor Gretchen Whitmer implemented a directive called “Stay Home, Stay Safe,” which mandates that Detroit’s three casinos remain closed until at least April 13. Several tribal casinos in the state are also following a similar approach and have tentative plans to reopen accordingly.

Workers may face potential hardships and casinos could suffer over a month of lost revenue if they reopen in mid-April.

Playinmichigan has been provided with data from the AGA, indicating that a minimum of 19,861 individuals working directly in casinos have become unemployed. Additionally, the closure of casinos for a duration of two months could result in a potential loss of economic activity amounting to at least $1.05 billion for the state.

According to the AGA, the gaming industry in Michigan supports approximately 37,911 jobs, while generating a total of $1.3 billion in tax and tribal revenue sharing annually in the state.

Several casinos, including MGM Grand Detroit, the largest in the state, as well as Ojibwa Casinos in Marquette and Baraga located in the Upper Peninsula, have made a commitment to compensate their employees during the closure period.

Additional individuals who have lost their jobs may qualify for enhanced unemployment benefits through an executive order issued by Whitmer, and they may also have the opportunity to receive monetary assistance from the stimulus package.

Regarding the casinos, they stand to gain advantages from various provisions in the stimulus package. The Senate’s proposed plan encompasses a substantial sum of $500 billion allocated for business loans, along with payroll tax deferrals and tax credits aimed at incentivizing the retention of employees amidst the economic downturn.

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Negative impact on new legal sports betting industry

The Detroit casinos’ timing couldn’t have been worse as they launched their sportsbooks amidst the rapid shutdown of the sports world.

On March 11, MGM Grand Detroit and Greektown Casino unveiled their sportsbooks, while MotorCity Casino introduced the FanDuel Sportsbook a day later, on March 12.

On March 11, the NBA put its season on hold following the positive coronavirus test of Utah Jazz center Rudy Gobert. The cancellation of the NCAA Tournament on March 12 further dampened the anticipation for the opening of Detroit’s sportsbooks, previously fueled by March Madness.

State Representative Michael Webber, a Republican from Rochester Hills, expressed his eagerness for the future possibilities, stating, “We are filled with enthusiasm regarding the potential outcomes.” He further lamented the unfortunate circumstances that led to the cancellation and postponement of numerous live sporting events, as he was curious to witness the ambiance of those venues during the opening weekend of the NCAA Tournament or a significant fight night.

Eventually, this difficult phase will come to an end. In due time, we anticipate a promising baseball season and eagerly await the arrival of college and professional football. Rest assured, these venues will be fully prepared to welcome both our Michigan residents and visitors from afar.

According to Miller’s statement, approximately 650,000 individuals employed directly in the gaming industry are currently without work due to a two-month shutdown. This shutdown has also affected around 17,000 jobs within gaming supplier companies and an additional 350,000 workers in small businesses that rely on the gaming industry. Additionally, Miller estimated that this two-month closure will result in a loss of $43.5 billion in economic activity for the entire nation.

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