The total revenue of Detroit's gambling industry in August reached nearly $105 million

The Michigan Gaming Control Board (MGCB) has released its latest financial report on the state's gaming market, revealing that three casinos collectively generated $104.9 million (approximately 10.094 billion rubles) in revenue. Of this total, $104.6 million (around 10.065 billion rubles) came from slot machines and table games, while sports betting contributed about $322,000 (nearly 30.99 million rubles).
Although the overall revenue from Michigan's gaming establishments remained stable compared to 2022, it marked a 1.7% decline from the previous month. Among the three casinos, Hollywood Casino in Greektown reported the strongest performance, despite holding the smallest market share. The casino earned $24.4 million (2.35 billion rubles) in August, which is a 3.6% decrease from July but an 11.7% increase compared to the same month in 2022.
The other two commercial casinos, MGM Grand Detroit and MotorCity Casino, reported revenues of $50.1 million (4.8 billion rubles) and $31.4 million (over 3 billion rubles), respectively. Both establishments experienced a slight decline in revenue compared to August of the previous year and July 2023.
A closer look at Hollywood Casino's statistics reveals that from January to August, the casino's revenues consistently exceeded those of the same months in 2022. Notably, from June to August, the year-over-year growth consistently reached double digits, with June seeing a remarkable 36.8% increase in revenue.
As a result, Hollywood Casino's performance has helped stabilize the overall market figures. According to the regulator's report, total revenue from slot machines and table games has risen by 0.8% since the beginning of the year.
Meanwhile, analysts at Morgan Stanley have revised their 2023 profit forecast for Macau's gaming sector downward by 5%.