Detroit casinos report decrease in revenues for April

The three casinos located in the city of Detroit, Michigan have reported a decrease in revenues for the month of April. The gaming venues are down 1.1% when compared to the same month year-on-year with $121 million in aggregate revenue earned. The Michigan Gaming Control Board reported yesterday that this is a 7.8% decrease when considering March totals.

Revenues are down for April 2017 and the gaming venues also saw declines this same time last year. The MGM Grand Detroit was down 1.7% with $49.6 million in earnings while the MotorCity Casino Hotel was down by .5% with $42.1 million in revenues for the month. $29.3 million was earned by the Greektown 7BALL Casino-Hotel which was a drop of 0.9%.

For the month, the majority of the market share went to the MGM Grand at 41%. MotorCity was up next with 35% while Greektown rounded out with 24%. As far as wagering tax payments are concerned, the three gaming venues paid $14.4 million in total to the city with an additional $9.8 million going to the state. This amount is slightly less than the $9.8 million paid in April of last year.

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