This week the Michigan Gaming Control Board released the state's latest financial numbers, indicating that casino revenues fell 39.2% for the first four months of the year.
The revenues for the period amounted to $299.2 million, down from $492.1 million last year. These financials were due to the closure of casinos in Detroit because of the Covid-19 pandemic. Most casinos in the Wolverine State are tribal and don't report numbers to the state. There are only three spots that do report, and all are located in downtown Detroit.
The MGM Grand Detroit recorded $126.5 million, down 39.7% from last year. The MotorCity Casino was in second spot with $102.6 million, and Greektown Casino was third with $70.1 million.
April numbers weren't given, as the casino industry was completely shuttered during the month. It appears that May will be the same way, as the statewide lockdown is to continue through at least the last week of the month.
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Comments
Not really a surprising numbers those...in fact I thought it could be even worst because of the virus situation...probably that costed the job of few people in the industry (to say the least) but hopefully things would be back to normal soon enough..not only for the casinos but their employees as well.
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