Operator News
US – Michigan Governor orders closure of Detroit’s casinos
By Phil - 16 November 2020
Michigan Governor Gretchen Whitmer has ordered the closure of the three casinos in Detroit for three weeks beginning November 18 to fight against what she described as the ‘worst moment’ yet in the COVID-19 pandemic.
Motor City, Greektown, operated by Penn National Gaming, and MGM Resort International’s MGM Grand Detroit will all close.
Deutsche Bank gaming analyst Carlo Santarelli said: “Though Michigan is a small part of the overall regional gaming puzzle, we do view the closure as another reminder of the risks inherent right now in the group. We will continue to monitor developments in other states and believe other potential closures will remain an overhang on regional gaming shares for the near term. We also believe traffic trends, given tracked spend data in areas of the greater outbreak, are likely to curb as virus headlines return to focus.”
