Casino revenue increases in Detroit

Casino revenue increases in DetroitReading Time: 1 minute

The Michigan Gaming Control Board has released its monthly report and all the three casinos in Michigan have posted a 0.3 per cent increase in revenues. The gaming regulator said that aggregate revenue for July was US$119.3 million, up 0.3 per cent from July 2017, while total revenue for the first seven months of the year was up 1.7 per cent when compared to the same period a year before. Moreover, July revenues were up 0.2 per cent over June results.

During last month operations, the three Detroit casinos paid US$9.7 million in gaming taxes to the state, up by approximately US$100k when compared to the US$9.6 million that they paid during the same month last year.

The city of Detroit recorded US$14.2 million in wagering taxes and development agreement payments in July, the gaming control board said.



Source: European Gaming Industry News

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.