Detroit casinos see revenue soar 115% in November

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outliermedia.org

How much money Detroit casinos lost during last year’s strikes

The financial impact of this past fall's Detroit casino workers' strikes is clearer with the release of new earnings figures. Workers walked away with wage and benefits gains without causing much long-term impact on the casinos' revenue. City of Detroit Deputy Chief Financial Officer and Budget Director Steve Watson said in a statement to Outlier…

Finance ・ 25 January 2024

iGaming Business

Michigan online gambling revenue hits record $2.30bn in 2023

Revenue for 2023 was 18.3% higher than the $1.98bn generated in Michigan in 2022. It also far exceeds the $1.40bn from the first year of legal betting in 2021. Reported figures include licensed commercial and tribal igaming operators in Michigan. Breaking this down, $1.90bn of total revenue came from igaming and $420.4m gross sports betting…

Law ・ 22 January 2024

WXYZ

Detroit casinos report nearly $120M in revenue last month, $1.237B for 2023

DETROIT (WXYZ) - During December of 2023, Detroit's three casinos reported $116.2 million in monthly aggregate revenue (AGR) with $111.4 million generated solely from table games and slots, and $4.8 million from sports betting. According to the Michigan Gaming Control Board (MGCB), December's revenue among the three casino's represents the…

Finance ・ 10 January 2024

wdet.org

Detroit casino revenue remains down in November

Detroit's three casinos reported $79.1 million in revenue for the month of November - down nearly 24% from November of last year. According to the Michigan Gaming Control Board, $76 million of the $79.1 million in monthly aggregate revenue (AGR) for the month of November was generated from table games and slots, and $3.1 million from retail sports…

Finance ・ 23 February 2024

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Gambling News

Detroit Casinos Struggle Amidst Ongoing Workers' Strike

Image Source: Shutterstock.com The month-long strike by 3700 workers across MGM Grand Detroit, MotorCity Casino, and Hollywood Casino at Greektown is taking a toll on Detroit's gaming scene. As a result of the ongoing labor dispute, temporary closures have been announced, impacting valet services and various amenities at all three…

Finance ・ 16 November 2023

wdet.org

Detroit casinos brought in $105M in revenue in August

Detroit's three casinos brought in nearly $105 million in revenue in July. Detroit Evening Report on Apple Podcasts, Spotify, NPR.org or wherever you get your podcasts. The total is a slight decrease of roughly 2% compared to the previous month, with most of the revenue coming from table games and slots. However, Motor City Casino, MGM Grand…

Finance ・ 13 September 2023

Casino City Times

Detroit casinos report $119.2 million in March 2023 monthly aggregate revenue

Gaming News 11 April 2023 (PRESS RELEASE) -- The three Detroit casinos reported $119.2 million in monthly aggregate revenue in March. Table games and slots generated $117.8 million in revenue, and retail sports betting produced $1.4 million in revenue.Market shares during March were: - MotorCity Casino, 30% - Hollywood Casino at Greektown, 24%In…

Finance ・ 12 April 2023

Gaming Intelligence

Michigan commercial casino revenue grows 11% in February

The three commercial casinos in Michigan grew revenue from land-based gaming and retail sports betting by 11 per cent in February to $105.5m. All three casinos saw year-on-year growth in their slots and table games revenue, with MGM Grand Detroit remaining market leader with gaming revenue of $50.1m, which was 8 per cent higher than February…

Finance ・ 15 March 2023

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State of Michigan

Detroit casinos produce $1.276 billion in aggregate revenue during 2022

Detroit, January 10, 2023 - The three Detroit casinos reported $1.276 billion yearly revenue in 2022. Slots generated 77% of revenue at $983.7 million, table games provided 21% of revenue at $273.3 million and retail sports betting added 2% of revenue at $18.8 million. By comparison, the casinos produced $1.294 billion in aggregate revenue in…

Finance ・ 10 January 2023

Yogonet

Detroit casinos continue their declining trend in Nov.; report $101.8M in monthly aggregate revenue

The Michigan Gaming Control Board announced Tuesday the three Detroit casinos have reported $101.8 million in monthly aggregate revenue in November. Table games and slots generated $99.9 million in revenue while retail sports betting produced $1.9 million. Market shares during November were 47% for MGM, 30% for MotorCity, and 23% for Hollywood…

Finance ・ 16 December 2022

wdet.org

Detroit Evening Report: Detroit casinos continued to see revenues decline in November

Detroit's casinos brought in just under $102 million in revenue last month, slightly down from October, continuing a five-month decline. That's according to figures released Tuesday by the Michigan Gaming Control Board. The agency says table games and slots generated $99.9 million. Retail sports betting brought in $1.9 million, down 11.1% compared…

Finance ・ 14 December 2022

State of Michigan

Detroit casinos report $101.8 million in November monthly aggregate revenue

Detroit, Dec. 13, 2022 - The three Detroit casinos reported $101.8 million in monthly aggregate revenue in November. Table games and slots generated $99.9 million in revenue while retail sports betting produced $1.9 million. Market shares during November were: MGM, 47% MotorCity, 30% Hollywood Casino at Greektown, 23% Table Games and Slot…

Finance ・ 14 December 2022

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Casino City Times

Detroit casinos report $102.8 million in October revenue

Gaming News 14 November 2022 (PRESS RELEASE) -- The three Detroit casinos reported $102.8 million in monthly aggregate revenue in October. Table games and slots generated $100.7 million in revenue while retail sports betting generated a $2.1 million. Aggregate revenue declined nearly 10% compared with $114.1 million in monthly aggregate revenue…

Finance ・ 14 November 2022

World Casino News

MGM Grand Detroit led July casino revenue

In Michigan, the city of Detroit's trio of commercial casinos including MGM Grand, MotorCity and Hollywood Casino at Greektown has collectively reported monthly revenue for July of $107.2 million, some $8.6 million shy of June's monthly aggregate revenue of $98.6 million, according to figures released this week by the midwestern state's gaming…

Finance ・ 10 August 2022

The Detroit News

Detroit casinos report $107.2 million in revenue for July

Detroit's three casinos collectively reported $107.2 million in monthly revenue in July, according to numbers released Tuesday by the Michigan Gaming Control Board. Table games and slots generated $105.9 million in revenue, while retail sports betting generated $1.3 million. Online gambling revenues are reported separately by the state. MGM Grand…

Finance ・ 09 August 2022

Gaming Intelligence

Detroit commercial casinos grow revenue to $122.9m in March

Michigan's three commercial casinos in Detroit have reported an 8 per cent increase in monthly aggregate revenue to $122.9m for March 2022. March revenue from land-based slots and table games rose by 9 per cent year-on-year to $120.9m - the market's best monthly performance since January 2020 - with retail sports betting contributing a further…

Finance ・ 13 April 2022

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Casino City Times

Detroit casinos produce $1.29 billion in aggregate revenue during 2021

Gaming News 11 January 2022 (PRESS RELEASE) -- The three Detroit casinos reported $1.294 billion yearly revenue in 2021. Slots generated 77% of revenue at $998.8 million, table games provided 21% of revenue at $268 million and retail sports betting added 2% of revenue at $26.95 million.By comparison, the casinos produced nearly $639 million in…

Finance ・ 11 January 2022

Casino City Times

Detroit casinos report $108 million in November aggregate revenue

Finance ・ 14 December 2021

Gaming Intelligence

MGM Grand dominates Michigan commercial casino market in August

Michigan's three commercial casinos in Detroit have reported total aggregate revenue of $113.8m for the month of August. Retail betting and gaming revenue rose by 62 per cent year-on-year, but fell by 3 per cent compared to the previous month, with table games and slots revenue amounting to $112.2m and retail sports betting revenue of $1.6m. Table…

Industry ・ 15 September 2021

Gaming Intelligence

Michigan commercial casino revenue climbs to $116.9m in July

Michigan's three commercial casinos in Detroit saw retail betting and gaming revenue increase by 8 per cent compared to the previous month to $116.9m in July. Table games and slots revenue rose by 9 per cent month-on-month to $115.7m, with retail sports betting contributing $1.2m. Compared to July 2019, revenue from table games and slots were down…

Finance ・ 11 August 2021

Gaming Intelligence

Michigan commercial casino revenue dips to $108.1m in June

Michigan's three commercial casinos in Detroit generated aggregate betting and gaming revenue of $108.1m in June. Continuing to operate at limited capacity for 21 of 30 days due to Covid-19 restrictions, revenue fell marginally compared to the previous month's $109.7m. Table games and slots were down 2 per cent month-on-month at $105.8m in June,…

Finance ・ 21 July 2021

Gaming Intelligence

Michigan commercial casinos generate April revenue of $109m

Michigan's commercial casinos generated monthly aggregate revenue of $109.0m in April, including retail sports betting revenue of $1.5m. With zero revenue generated in the comparable period last year as venues were closed due to Covid-19, aggregate revenue from the state's three commercial casinos in Detroit fell by 13 per cent compared to April…

Finance ・ 14 May 2021

Yogonet

Detroit casinos report nearly $114M in revenue during March

ven though the casinos MGM Grand Detroit, MotorCity Casino Hotel, and Greektown Casino continue working subject to capacity limits and other health protocols, striving to end the COVID-19 pandemic last month reported $113.8 million in monthly aggregate revenue. Earnings from table games and slots at the three casinos rose 93% year-over-year. MGM…

Finance ・ 07 May 2021

The Detroit News

Detroit casinos repot $86.4 million in February revenue, a 29% decline

Detroit's three casinos reported $86.38 million in revenue for February, down nearly 29% from February 2020 - the last month before the coronavirus pandemic prompted casino closures and restrictions. The monthly aggregate revenue results from MGM Grand Detroit, MotorCity Casino and Greektown Casino reflect the second full month the venues were open…

Finance ・ 07 May 2021