Detroit casinos experience a revenue decline

detroit

The gambling facilities contributed US$9.5 million in gaming taxes to Michigan.

The three casinos saw an almost 2 percent decline on their total gaming revenues for October.

US.- The results are also a 1.3 percent month-on-month decline over the last month, to stand at almost US$110 million. Despite the bad results, total win over the first ten months of 2016 are 1.3 percent higher than the numbers recorded in the same period in 2015.

According to the Michigan Gaming Control Board, the Motorcity Casino Hotel experienced a 1.6 drop year-on-year in total October gaming revenues to US$37 million, whilst Ilitch Holdings Incorporated was responsible for 33 percent of the market.

MGM Grand Detroit reported a 0.3 percent deterioration year-on-year in total gaming revenues to US$47 million. The Michigan Gaming Control Board said that the three facilities paid more than US$9 million in state gaming taxes during last month.