Michigan casino revenue down 39.2% in opening four months

The Michigan Gaming Control Board has revealed that revenue generated by the three commercial casinos in Detroit was down 39.2% year-on-year during the four months to the end of April 2020.

Revenue for the year-to-date period amounted to $299.2m (£242.7m/€275.1m), down from $492.1m in the same four months last year. This was down to the closure of the three casinos since March 16 as a result of novel coronavirus (Covid-19).

MGM Grand Detroit led the market during the four-month period with $126.5m in revenue, down 39.7% from $210.0m last year.

MotorCity Casino followed with $102.6m, which was 39.2% lower than in 2019, while the Greektown Casino also saw its revenue decline 38.2% year-on-year to $70.1m.

The Board usually reports monthly aggregate revenue figures for the casinos, but opted against this in April due to the casino closures. Casino revenue in April 2019 amounted to $125.1m.

Read the full story on iGB North America.