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Detroit casino revenue drops 3%

21 April 2009

DETROIT, Michigan -- As reported by The Detroit News: "Combined revenues for the city's three casinos fell by 3.01 percent in March compared with the same month in 2008, according to figures released Monday by the Michigan Gaming Control Board.

"The figures showed last month's revenues at MGM Grand Detroit and Greektown casino were down 3.58 percent and 7 percent respectively; MotorCity posted a 0.8 percent gain.

"But the Final Four basketball weekend, which ended with the NCAA men's championship game at Ford Field April 6, brought temporary good fortune for MGM and MotorCity: Revenues on that weekend were up 12 percent and 6 percent respectively compared with the prior weekend.

"At Greektown Casino-Hotel, the closest gambling venue to the games, revenue dropped 5 percent..."

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