Michigan commercial casino revenue dips to $108.1m in June

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Yogonet

Detroit casinos report $107.2M in gaming revenue during July, driven by online

The three casinos in Detroit, Michigan, have reported $107.2 million in monthly aggregate revenue during July, an 8.29% decline on a yearly basis, but an increase of 8.72% from the previous month, according to the latest report from the Michigan Gaming Control Board. Table games and slots generated $106.7 million in revenue while retail sports…

Finance ・ 17 August 2023

World Casino News

3 Detroit Casinos Renew Licenses; Reveal $107.2M In Profits

Throughout its scheduled public meeting, the Michigan Gaming Control Board (MGCB) voted unopposed to validate license extensions for MotorCity Casino, MGM Grand Detroit and Hollywood Casino at Greektown, aka Detroit's 3 licensed casinos. The next renewal process is scheduled for August 2024. In addition, the same casinos revealed revenue data for…

Law ・ 16 August 2023

State of Michigan

Detroit casinos report $107.2M in July revenue

DETROIT, Aug. 15, 2023 - The three Detroit casinos reported $107.2 million in monthly aggregate revenue for the month of July 2023, of which $106.7 million was generated from table games and slots, and $477543 from retail sports betting. The July market shares were: MGM, 47% MotorCity, 29% Hollywood Casino at Greektown, 24% Table Games and Slot…

Finance ・ 16 August 2023

Casino City Times

Detroit casinos report $107.2 million in July revenue

Finance ・ 16 August 2023

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Yogonet

Detroit casinos report 2.9% year-on-year revenue increase to $101.5M in June

The three land-based casinos in Detroit, Michigan have reported a 2.9% year-on-year increase in revenue for June, bringing in a total of $101.5 million. This figure represents a $2.9 million increase compared to the same period in 2022 when the casinos achieved $98.6 million in revenue. However, it is worth noting that June's figure shows a 3.9%…

Finance ・ 24 July 2023

State of Michigan

Detroit casinos report $101.5M in June revenue

DETROIT, July 18, 2023 - The three Detroit casinos reported $101.5 million in monthly aggregate revenue for the month of June 2023, of which $101.9 million was generated from table games and slots. Retail sports betting yielded a negative $395606, in large part due to a patron successfully winning $972000 at MotorCity Casino on June 18. The June…

Finance ・ 20 July 2023

State of Michigan

Detroit casinos report $105.6M in May revenue

DETROIT, June 13, 2023 - The three Detroit casinos reported $105.6 million in monthly aggregate revenue for the month of May 2023. Table games and slots generated $104.7 million in revenue while retail sports betting produced revenue of $893732. The May market shares were: MGM, 47% MotorCity, 31% Hollywood Casino at Greektown, 22% Table Games and…

Finance ・ 14 June 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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Yogonet

Detroit’s three casinos report monthly revenue growth to $107.2M in July; regulator approves license renewals

The three Detroit casinos reported $107.2 million in monthly aggregate revenue in July, with table games and slots making $105.9 million in revenue and retail sports betting producing $1.3 million, according to the latest data from the Michigan Gaming Control Board, which also renewed their annual licenses. The figure is down from the $116.9…

Finance ・ 11 August 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

State of Michigan

Detroit casinos report $107.2 million monthly revenue in July

Detroit, Aug. 9, 2022 - The three Detroit casinos reported $107.2 million in monthly aggregate revenue during July. Table games and slots produced $105.9 million in revenue, and retail sports betting generated $1.3 million. Monthly market shares were: MGM, 48% MotorCity, 33% Hollywood Casino at Greektown, 19% Table Games and Slot Revenue and…

Finance ・ 17 August 2022

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iGaming Business

Michigan online gambling revenue declines for third consecutive month in June

Gross internet gaming and sports betting receipts from commercial and tribal operators were up 19.9% from $114.2m in June 2021, but 14.9% lower than $160.9m in May of this year. Internet gaming gross receipts were 36.2% higher year-on-year at $121.5m. Sports betting gross receipts amounted to $15.4m, down 38.4% on last year, despite a 14.8%…

Finance ・ 20 July 2022

State of Michigan

Detroit casinos report $98.6 million monthly revenue in June and steady quarterly revenue

Detroit, July 14, 2022 - The three Detroit casinos reported $98.6 million in monthly aggregate revenue during June. Table games and slots generated $98.2 million in revenue, and retail sports betting produced $448703 in revenue. Monthly market shares were: MGM, 49% MotorCity, 34% Hollywood Casino at Greektown, 17% Table Games and Slot Revenue and…

Finance ・ 14 July 2022

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

WBZ News Radio

Mass. Gaming Revenues Remain On Roll

BOSTON (State House News Service) - The trend of strong revenues and state tax collections at the state's casinos and slots parlor continued in October as the three facilities generated more than $26.8 million for state coffers from nearly $96 million in gross gaming revenue, the Mass. Gaming Commission announced Monday. Encore Boston Harbor led…

Finance ・ 16 November 2021

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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

Yogonet

Detroit casino revenue sees 9% monthly increase in July

ccording to data released Tuesday by the Michigan Gaming Control Board, the three Detroit casinos reported $116.9 million in monthly aggregate revenue for July. July revenue was 9.3% higher than June results, as they perceived $108.1 million. Table games and slots generated $115.7 million, while retail sports betting generated $1.2 million. In…

Finance ・ 11 August 2021

Casino City Times

Detroit casinos report $116.9 million monthly aggregate revenue in July

Finance ・ 10 August 2021

Online Poker Report

MI Online Casinos Show Their Stability And Synergy In June

Michigan continued to rake in an impressive sum from both its retail and online casinos in June. So it appears as though Michigan is shaping up to be another state which refutes the idea that online gambling cannibalizes retail revenue. Proceeds from both forms of betting held steady in June, even as retail casinos fully reopened on June…

Sports ・ 20 July 2021

The Detroit News

Michigan online gambling operators report $114.2 million in June revenue

Online gaming and sports betting operators in Michigan reported $114.2 million in revenues for June, according to figures released Monday by the Michigan Gaming Control Board. Of that total, operators reported $89.2 million in gross receipts tied to internet gaming. Online sports betting operators, meanwhile, netted $25 million and reported a total…

Finance ・ 19 July 2021

Gambling News

Detroit’s Casinos Report $108.1 Million in Revenue for June

The Michigan Gaming Control Board has released Detroit's three casinos' revenue report for June after they were allowed to open to full capacity on June 22. The Michigan Gaming Control Board (MGCB) has announced that Detroit's three casinos have reported $108.1 million in aggregate revenue for June. The control board released the report on…

Finance ・ 14 July 2021

The Detroit News

Detroit casinos generated $108.1 million in revenue in June

Detroit's three casinos collectively reported $108.1 million in aggregate revenue for the month of June, according to numbers released Tuesday by the Michigan Gaming Control Board. The casinos - MGM Grand Detroit, MotorCity Casino Hotel and Greektown Casino - were under capacity limits tied to the coronavirus pandemic for 21 of 30 days last month.…

Finance ・ 13 July 2021