Detroit casinos suffer from capacity limits; year-to-October revenue down 54%

November 11, 2020
By

Detroit’s three casinos suffered from capacity limitations for the month of October, posting revenue of $101.4m. As a result, year-to-date revenue was down 54% compared with 2019, totalling $550m for the first 10 months of the year.

The MGM Grand, Greektown and MotorCity casinos in Detroit are all currently subject to a 15% capacity limit as the result of the COVID-19 pandemic.

According to data from the Michigan Gaming Control Board, gaming revenue for MGM was down 23% for the month to $37.8m. Meanwhile, MotorCity’s revenue fell by 8% to $36.3m, while Greektown saw the most significant drop of 28% to $19.7m.

Of the total monthly revenue, table games and slots generated $93.8m, while retail sports betting posted $7.6m. Table games and slots revenue fell 19% in comparison with the same period in 2019. Michigan’s sports betting market only went live in March this year.

The amount of taxes paid by each casino was also down as a result of the lack of revenue. The casinos paid $7.6m to the State of Michigan over the course of the month, in comparison to $9.4m for the same month in 2019.

Despite the drop in revenue year-on-year, there were some signs of recovery evident in 7% month-on-month growth.

State-by-State

Product Spotlight

CasinoTrac

CasinoTrac is reducing handpay downtime by nearly 90% with SlotSUITE's Self-Pay & W-2 G printing at the slot machine.
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.
GA HUDDLE #085

Christian Smith - Slot machines a "beautiful intersection of psychology and mathematics"

Bluberi's Christian Smith speaks to Gaming America in an enlightening Huddle. Topics include: the 'Australification' of US gambling, the blending of psychology and mathematics, and the rising trend of three-pot fillers.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

10-11-From-the-top
From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
12-GA-MAR-10-year-v2
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
16-18-IGA-Preview
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
20-22-GA-Mar-888-Holding-article
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.