Tag: Detroit

Detroit casinos hit by strikes as revenue slips to $82.8m in October

Revenue from the three commercial casinos in Detroit declined to $82.8m (£66.5m/€76.2m) in October as venues in Michigan felt the impact of ongoing strikes.

Some Detroit casino workers have been on strike since 17 October. This has led to the partial closures of casinos with certain facilities not being available for almost a month.

This inevitably hit monthly performance during October, with revenue down 19.5% from $102.8m last year. The October figure was also 18.5% lower than the $101.6m posted in September this year.

Breaking this down, Detroit tables games revenue amounted to $81.7m, down 18.9% year-on-year. The total was also 18.3% behind September’s total.

The other $1.1m was attributed to sports betting qualified adjusted gross receipts (QAGR), a drop of 46.3% from 2022. Sports betting QAGR was also 28.6% lower than September.

In terms of sports betting handle, Detroit consumers spent $18.1m wagering at casinos in October. This was a sharp drop from $34.2m in the same mon..

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Detroit casino revenue up 2.6% to $103.5m in January

Revenue at the three land-based commercial casinos in Detroit increased 2.6% year-on-year in January despite a sharp drop in sports betting revenue.

Total revenue amounted to $103.5m for the month, up from $100.9m in January 2022 but 5.8% lower than $109.9m in December last year.

Table games and slots accounted for almost all revenue during January, generating $103.4m in total, up 4.4% year-on-year.

Read the full story on iGB North America

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Detroit casino revenue continues to decline in October

The Michigan Gaming Control Board reported a further year-on-year and month-on-month decline in revenue from Detroit’s three land-based commercial casinos in October.

Combined revenue for the month from the MGM Grand Detroit, MotorCity Casino and Hollywood Casino at Greektown was $102.8m (£86.6m/€98.9m), which was 10.0% lower than $114.1m in October 2021 and also 0.7% down from $103.4m in September this year.

Slots and table games revenue in October amounted to $100.7m, a year-on-year drop of 9.7% from $111.5m last year but only marginally lower than $100.8m in September this year.

Qualified adjusted gross receipts (QAGR) from retail sports betting from casinos accounted for the remaining $2.1m in revenue, down 19.2% from $2.6m in both October 2021 and September this year.

Sports wagering handle for the month reached $34.2m, a drop of 31.3% on last year but a 27.1% increase from $18.5m in September.

MGM remained the market leader with 46% share, ahead of MotorCity on 32% and the H..

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