Finance

Detroit casino revenue halves in November amid latest Covid-19 closures

1 minute read
Revenue from the three commercial casinos in Detroit, Michigan more than halved in November following a temporary order closure issued by Governor Gretchen Whitmer in relation to the novel coronavirus (Covid-19) pandemic.

Total revenue for the month – from table games, slots and sports wagering – amounted to $50.4m (£38.0m/€41.6m), down 50.3% from $101.4m generated by the properties in October.

However, last month’s performance was severely impacted by new closure orders placed on the casinos, as the three facilities were forced to shut on 15 November and are not due to reopen until later this month.

Table games and slots revenue for the period in which the casinos were open in November amounted to $48.1m, down 61.3% on the same month last year and also 48.7% lower than in October 2020.

MGM Grand Detroit led the Detroit market in terms of table games and slots, with revenue here reaching $20.5m. MotorCity Casino ranked second with $17.5m in revenue, then Greektown on $10.1m.

Read the full story on iGB North America.

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