Detroit casinos increase revenue in November
The three casinos in Detroit increased revenues by 5.6% during November operations to US$124.2 million.
US.- The Michigan Gaming Control Board has released the financial report from November. During last month’s operations, the three casinos in the state managed to increase their revenues by 5.6%.
MGM Grand Detroit, MotorCity Casino Hotel and Greektown Casino-Hotel achieved US$124.2 million in revenue. That number is also a 7.4% rise from the previous month aggregate revenue, the board said.
MGM had once again the biggest share of the market with 43%. The facility’s monthly revenue was US$53.9 million, or a 2.8% year-over-year increase. MotorCity closely followed with 33% of the market and a 7.2% revenue rise to US$40.8 million. Greektown took in 24% of the market and an 8.7% increase to US$29.5 million.
Michigan received US$10.1 million in gaming taxes in November, approximately US$600k more than what they sent in November 2019 and US$700k more than the previous month (US$9.4 million).
MGM Grand Detroit ready for sports betting
MGM Grand Detroit unveiled in October its Moneyline Sports Lounge, even if the state Legislature hasn’t legalised sports betting. The space features a sports lounge right in front of the entrance to the casino.
The sports lounge has a capacity for 280 people and VIP seating. It also features a sports bar with 60 televisions to watch multiple games at the same time. It is in front of the casino entrance and neat the hotel lobby, and it is open every day from 11:30 am to 1:30 am.
Mike Neubecker, president and COO of MGM Grand Detroit, explained that Detroit is a sports town and they saw an opportunity to open a venue unlike other sports bar in the city. It provides the guests with a unique and exciting atmosphere to watch their favourite teams, he said. “And if sports betting is legalized, we’re prepared to offer an outstanding experience.”
