Detroit casinos post record revenue in March

According to the MGCB, casinos in Detroit posted revenues 5.7 per cent higher year-on-year and reached a record US$138.6 million in March.

US.- After a slow February where revenues were 5.6 per cent lower year-on-year, Detroit casinos posted a new record in March, the Michigan Gaming Control Board (MGCB) revealed. Last month, the three gaming venues in the city broke the US$135.3 million record (March 2012) after growing 5.7 per cent since the same month last year to US$138.6 million.

The MGM Grand Detroit led the way as it set a new individual record at US$58.1 million, 7.3 per cent higher than last year. MotorCity Casino came in second after breaking its personal best (US$45.8 million in March 2012) to reach US$49.3 million, while Jack Entertainment’s Greektown Casino merely posted a US$31.2 million figure, short of its March 2013 record, set at US$34.7 million.

However, even as they posted a monthly record performance, the first quarter was not as good for the group after recording a US$360.2 million revenue. However, it is expected that March’s performance will be carried over into April due to a strike at the Caesars Windsor over the Canadian border. Still, as some smaller casinos have been built in Canada around the struggling venue, this month’s figures may not be as high as March’s.