April casino revenue up 2.5 pct in Detroit
The Michigan Gaming Control Board announced that the casino industry posted a US$124 million revenue, up 2.5 per cent year-on-year.
US.- Detroit casinos continue to see their revenues increase, as they grew 2.5 per cent in April to US$124 million. After posting record figures in March, the industry continues to recover from the decrease recorded in February and is up 0.6 per cent in year-to-date revenue, the Michigan Gaming Control Board reports.
MGM Grand Detroit led the industry with a US$51.2 million revenue, up 3.2 per cent from last year. However, MotorCity Casino Hotel posted the highest increase as it grew 3.7 per cent year-on-year to US$43.7 million. Greektown Casino-Hotel was the only venue down during April, posting a US$29.1 million revenue, 0.5 per cent lower than last year’s.
MGM also leads Detroit in market share at 41 per cent, MotorCity comes in second at 35 per cent and Greektown follows at 24 per cent.
It was expected that March’s record performance would be carried over into April due to a strike at the Caesars Windsor over the Canadian border. It certainly did, as casino revenue grew alongside taxes paid to the state (US$10 million, up two per cent year-on-year) but it was not as high as the previous month since to several smaller casinos opened around the Caesars Windsor.
