Detroit posts record-breaking revenue in 2018
The Michigan city has experienced a 3.1% increase in revenue from 2017 operations.
US.- Detroit casinos experienced an excellent 2018, as the Michigan Gaming Control Board details in its latest end-of-year report. The three casinos in the city, MGM Grand, MotorCity and Greektown casinos posted record-breaking annual revenue.
The three casinos in Detroit reported US$1.44 billion in annual revenue, a figure that is US$20 million higher than the previous annual record set in 2011, when the facilities totalled US$1.42 billion.
Two of the three facilities also posted annual records individually: MGM Grand Detroit reported US$619.2 million in annual revenue, which is approximately US$15 million higher than the previous record set in 2012. MotorCity Casino also posted record annual revenue of US$489.7 million, up by US$9 million from the 2007 record of US$480 million. On the other hand, Greektown Casino’s 2018 revenue totalled US$335.2 million, which falls short of the US$352.8 million record set in 2011.
Overall, the facilities experienced a 3.1% rise in revenue from 2017, mainly driven by slots’ performance of US$1.1 billion and the 81% of the market share, followed by table games, which contributed US$272 million and 19% of revenue.
