The Michigan Gaming Control Board has issued a fresh release with the results of Detroit’s three casinos in July. Excluding sports betting, total revenue was $106.7 million ($10.34 billion). This indicates a gradual return of the market’s financial performance to pre-pandemic statistics.
In the first seven months of 2023, the three casinos generated over $749 million (72.6 billion rubles at current exchange rates) in revenue. A year earlier, the amount for the same period was more than $6 million (581.6 million rubles) less. In 2021, when strict restrictions were in place due to COVID-19, the total income was lower by $28 million (2.7 billion rubles).
Hollywood Casino in Greektown was the only one whose monthly revenue was up 27.5% from last July to $25.3 million (2.45 billion rubles). This offset the more modest results of its competitors, whose combined revenue grew by less than $1 million (almost 97 million rubles).
As for market share, the leader of the month was MGM Grand Detroit casino: 47%, revenue – 50 million dollars (4.85 billion rubles). It was followed by gambling establishment MotorCity with 29% and 31.4 million dollars (3.04 billion rubles). Thus, the performance of MGM and MotorCity for the year decreased by 2.4% and 10% respectively.
It is expected that the total revenue of Detroit casinos for 2023 could be $1.28 billion (124.07 billion rubles). That’s down from $1.45 billion ($140.5 billion by the
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