Detroit casinos report record-breaking revenue in 2018

MGM Grand Detroit reported $619.2 million in annual revenue, surpassing its previous record of $604.9 million set in 2012. MotorCity Casino also collected record annual revenue of $489.7 million The city anticipates a $10.4 million drop in casino-tax revenue for the fiscal year that ends June 30. The 5.7 percent decrease would be the largest since the casinos opened in 1999 and 2000. Detroit’s three casinos have reported a record-breaking $1.44 billion in combined revenue in 2018. That’s up $20 million from the previous record of $1.42 billion in 2011, according to the After reaching a peak of $1.42 billion in 2012, Detroit’s casino market declined in 2013 and 2014 before posting a 3.3% increase in 2015, followed by a slight 0.7% rise in 2016. This year has Total U.S. casino revenue in 2012 was still just shy of a 10-year peak of $37.5 billion set in 2007, according to the American Gaming Association. A litany of factors stack up against Orr’s MGM Grand Detroit reported $619.2 million in annual revenue, surpassing its previous record of $604.9 million set in 2012. MotorCity Casino also collected record annual revenue of $489.7 million, surpassing its previous revenue record of $480.2 million set in 2007. Greektown Casino’s 2018 revenue totaled $335.2 million, falling short of its record $352.8 million set in 2011. Overall, the Here's how Greektown Casino might change Overall, the Detroit casinos experienced a 3.1 percent increase in revenue compared to 2017. MGM Grand was up 4.6 percent in 2018, followed by Motor City On a recent weekday, about 40 percent of the license plates in the Hollywood Casino Toledo parking lot featured the characteristic blue banner and Great DETROIT - Detroit's reliance on casino cash to help fund a recovery from the city's historic bankruptcy is a high-risk bet on what is an increasingly shaky source of income. Detroit also receives almost $150 million per year from its casino wagering tax, a revenue source not available to other cities in Michigan (although some cities receive some revenues from tribal

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