Casino revenue in Detroit fell in November as strikes ended.

Detroit 3 casino reported a total revenue of $79.1m in November, a decline from $101.8m the previous year. Table games, slots, and retail sports betting contributed $76m and $3.1m, respectively.

MGM Grand Detroit led with a 39% market share, followed by MotorCity with 34%, and Hollywood Casino at Greektown with 27%.

Despite a strike by casino workers in November, revenue figures reflect a year-over-year decrease, with MGM down 34.4%, MotorCity down 17.8%, and Hollywood Casino down 10.8%.

 

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The decline in casino revenue in Detroit for the month of November is certainly notable. It is important to consider various factors that may have contributed to this decrease.

Firstly, the ongoing strike by casino workers may have had a significant impact on the revenue generated. Strikes often disrupt operations and can result in a loss of customers who choose to avoid casinos during such periods. This is evident in the significant decline in revenue seen at MGM Grand Detroit, which reported a 34.4% decrease year-over-year. MotorCity and Hollywood Casino at Greektown also experienced declines of 17.8% and 10.8%, respectively.

Furthermore, it is worth noting that November is typically a slower month for the casino industry. This could partly explain the overall decrease in revenue compared to the previous year.

When considering the breakdown of revenue sources, it is interesting to observe that table games, slots, and retail sports betting contributed $76 million, while retail sports betting alone brought in $3.1 million. This highlights the growing popularity of sports betting, which has been legalized in many states across the US. This may be an area where casinos can focus their efforts to potentially boost revenue in the future.

In terms of market share, MGM Grand Detroit emerged as the leader with a 39% share, followed by MotorCity with 34%, and Hollywood Casino at Greektown with 27%. These figures indicate that MGM Grand Detroit has a stronghold on the market, despite its significant revenue decline. It will be interesting to see if the other casinos can regain some ground in the coming months.

Overall, while the strike definitely had a negative impact on casino revenue in Detroit, it is important to evaluate other factors as well when analyzing these figures. The month of November traditionally tends to be slower for the industry, and the rise of sports betting presents new opportunities for revenue growth.