Casino revenue falls in Detroit
Operators of three Detroit licensed casinos have shown a 4 per cent decline in their revenues.
US.- January financial reports were released this week, showing that monthly operations in Detroit did not achieve the expected results. According to an official document released by the Michigan’s Gaming Control Board, the three casinos that currently operate in the northern city saw their revenues drop 4 percent in comparison with December’s reports.
Michigan’s Gaming Control Board report confirmed that operations of the MGM Grand Detroit, MotorCity and Greektown casinos achieved a total of US$111 million last month, which represents a slight decline in the first month of the year. Fox47News published that MGM Grand Detroit reported monthly revenue of US$47 million, MotorCity achieved US$38 million, whilst Greektown’s revenue was around US$25 million in January.
“The city of Detroit received just over US$13 million in wagering taxes and development agreement payments last month from the casinos. The state received US$9 million in January gambling taxes from the casinos,” states the official report.
