Midwest Casinos Report Low Revenues In April, As Slot Machines Interest Soars

Midwest Casinos Report Low Revenues In April, As Slot Machines Interest Soars

Gaming facilities in Northwest Indiana and Detroit recorded low revenue collections in the month of April worrying gaming authorities in the area.

Although there was a weak revenue collection as the year ends its first third, officials are hoping that it is not an indication that there will be a drop in the overall earnings collection for the remaining part of the year.

“We believe this is not an indication of a trend in the drop of the revenue collection from our casinos,” said one of the gaming officials.

Greektown Casino is one of the gaming facilities in Detroit that is expected to garner enough revenue as projected. Granted, until last month, their income showed that it would meet its target and help bring the city to its position.

According to available statistics .from the region, there was a slight drop in the number of those who placed their bets on various games. The reports said, in April alone, clients placed bets worth $668.5 million. However, the same report confirms that there was a drop when compared to the same period in 2016 when customers gambled $698.5 million.

Although there was a drop in the aggregate revenue collection, the report confirmed that table games gambling collected $83.5 million instead of $83.1 million the same month a year ago.

Speaking of the slight slot machine revenue increment, Dan Nita the General Manager and Senior Vice President of Horseshoe Casino said that it is interesting to witness the rise in incomes in a sector that should have recorded otherwise.

“It is indeed interesting to see slot machines collecting a higher revenue than the other primary gaming industries. It is evident .that table games are still stable and that they might perform even better as we stretch to the middle of the year. Unfortunately, that will not offset the revenue deficit we are witnessing in the slots sector,” said Nita. See how Roulette Is Making A Massive Comeback In Las Vegas Casinos.

When speaking of Northwest Indiana casinos, according to the report, gaming facilities included are Blue Chip Casino in Michigan City, Gary’s Majestic Star, East Chicago’s Ameristar Casino, and Horseshoe gaming facility in Hammond.

These gaming facilities in Northwest Indiana recorded a sterling revenue collection in March, which was a Y-O-Y revenue growth but in general, they failed to keep the growth of income record a month later.

On the other hand, those in Detroit, according to the report, which also recorded a drop in revenue, although not as much as that of their competitors in Northwest Indiana, are Greektown Casino, MotorCity Casino Hotel, and MGM Grand Detroit.

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Midwest Casinos Report Low Revenues In April, As Slot Machines Interest Soars
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Midwest Casinos Report Low Revenues In April, As Slot Machines Interest Soars
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