Casinos in Detroit post better results
The three casinos in the most populous city of Michigan have posted revenue of US$120 million.
US.- The Michigan Gaming Control Board has posted the results that the three casinos of Detroit experienced during May, and said that they collected revenue of US$120 million, 1.2 percent up from the same period in 2016.
Nevertheless, the numbers represent almost a 1 percent fall when compared to April. Whilst MGM Grand Detroit experienced a 2.7 percent revenue fall, it also occupied 42 percent of last months market share. The biggest casino in the state collected US$50.5 million in May, followed by MotorCity which accounted 34 percent and Greentown, with a 24 percent of the entire market.
Moreover, the three casinos contributed with US$9.7 million to the state in gaming taxes, US$100k more than the same month in 2016. The gambling facilities also paid US$14.3 million in wagering taxes and development payments to Detroit.
April casino revenues from the city were also down 1.1 percent in comparison with April 2016, which reported a total gain of US$121 million in aggregate revenue. The three facilitiescontributed to the city’s funds with US$14.4 million last month. Michigan’s government also received US$9.8 million from casino operations.
