Monthly revenue increases in Detroit

detroit casinos may revenue

Credits: Wikipedia

May results showed that the three casinos in Detroit increased their revenue by four per cent.

US.- The Michigan Gaming Control Board released the financial results for the three casinos located in Detroit. May figures show that the facilities totalled US$124.6 million, which is a 3.9 per cent increase when compared to the same period a year before.

Revenue also increased by 0.5 per cent from April 2018, while year-to-date results show that the casinos experienced a 1.2 per cent revenue growth when compared to the first five months of 2017.

MGM Grand Casino increased its monthly aggregate revenue by 7.6 per cent to US$54.3 million, while MotorCity Casino Hotel totalled US$41.5 million in revenue, which represents a 2.2 per cent increase. Moreover, Greektown Casino-Hotel brought in US$28.8 million, a flat result but better than the 0.5 decrease experienced in April.

MGM took three per cent of the market share from its competitors in May with 44 per cent, followed by MotorCity with 33 per cent and Greektown completing the list at 23 per cent.