{"id":276,"date":"2024-06-28T14:14:10","date_gmt":"2024-06-28T11:14:10","guid":{"rendered":"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-amid-labor-unrest\/"},"modified":"2024-06-28T14:14:10","modified_gmt":"2024-06-28T11:14:10","slug":"detroit-casinos-see-revenue-decline-amid-labor-unrest","status":"publish","type":"post","link":"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-amid-labor-unrest\/","title":{"rendered":"Detroit Casinos See Revenue Decline Amid Labor Unrest"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/_aPkfw-sR6A\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Motor City&#8217;s gambling industry experienced a downturn in November, with earnings taking a significant hit due to labor unrest. The city&#8217;s gambling venues saw a 22.3% decrease in revenue compared to the same period last year, totaling $79.1 million.<\/p>\n<p>The city&#8217;s three land-based gambling establishments witnessed a decline of $101.8 million in revenue compared to the same period in the previous year. November&#8217;s figures also showed a 4.5% drop from the $82.8 million reported in October.<\/p>\n<p>This decline coincided with a labor dispute in Detroit. Workers initiated a strike on October 17th and didn&#8217;t reach a pay agreement until mid-November. This resulted in understaffing at MGM Grand, Greektown, and MotorCity casinos for the majority of the month.<\/p>\n<p>Of the total revenue generated by the three casinos, $76 million originated from table games and slot machines. This represented a 23.9% decrease from the previous year&#8217;s total and a 7.0% decline from October 2023.<\/p>\n<p>The remaining $3.1 million in revenue was attributed to sports betting Qualified Adjusted Gross Revenue (QAGR). This marked a 63.2% increase from November 2022 and a 181.8% increase from October of this year.<\/p>\n<p>In terms of sports betting volume, Detroit gamblers wagered $15.3 million on sports betting at casinos. This represented a 15.5% decrease from both November 2022 and October 2023.<\/p>\n<p>Bridging the gap for MGM Detroit. <\/p>\n<p>During the eleventh month, MGM remained the top-rated gambling establishment in Detroit, claiming a significant portion of the market, reaching 34%. Nevertheless, its advantage has dwindled in comparison to the tenth month, when it held a larger share, reaching 46%.<\/p>\n<p>MGM&#8217;s earnings from table games and slot machines reached a substantial amount, totaling $30.6 million, while revenue from sports betting amounted to $230,847.<\/p>\n<p>MotorCity narrowed the gap with MGM, also achieving a 34% share of the market. Its revenue from table games and slot machines reached $24.7 million, and its sports betting revenue was $2.2 million.<\/p>\n<p>Another Detroit casino, Greektown Casino-Hotel, captured 27% of the market share. Greektown announced its table games and slot machine revenue was $10.8 million, and its sports betting revenue was $657,545.<\/p>\n<p>In terms of taxes, the casinos paid a substantial amount to the state of Michigan in November, reaching $6.2 million in gaming taxes. Additionally, they paid $9.4 million in wagering taxes and development agreement payments to the city of Detroit.<\/p>\n<p>Regarding sports betting, Michigan&#8217;s total tax revenue was $116,769. Additionally, the three casinos paid $142,718 in wagering taxes to the city of Detroit.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Motor City&#8217;s gambling industry experienced a downturn in November, with earnings taking a significant hit due to labor unrest. The city&#8217;s gambling venues saw a 22.3% decrease in revenue compared to the same period last year, totaling $79.1 million. The city&#8217;s three land-based gambling establishments witnessed a decline of $101.8 million in revenue compared [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Detroit Casinos Hit Hard by Labor Unrest<\/title>\n<meta name=\"description\" content=\"Detroit\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-amid-labor-unrest\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Detroit Casinos See Revenue Decline Amid Labor Unrest\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Detroit\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-amid-labor-unrest\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Immerse Yourself in the Thrill of Licensed Online Casino Games\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T11:14:10+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-amid-labor-unrest\/\",\"url\":\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-amid-labor-unrest\/\",\"name\":\"Detroit Casinos Hit Hard by Labor Unrest\",\"isPartOf\":{\"@id\":\"https:\/\/vegasgemsnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-28T11:14:10+00:00\",\"dateModified\":\"2024-06-28T11:14:10+00:00\",\"author\":{\"@id\":\"https:\/\/vegasgemsnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Detroit\",\"breadcrumb\":{\"@id\":\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-amid-labor-unrest\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-amid-labor-unrest\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-amid-labor-unrest\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/vegasgemsnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Detroit Casinos See Revenue Decline Amid Labor Unrest\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vegasgemsnodepositbonus.icu\/#website\",\"url\":\"https:\/\/vegasgemsnodepositbonus.icu\/\",\"name\":\"Immerse Yourself in the Thrill of Licensed Online Casino Games\",\"description\":\"Stay informed and elevate your gambling experience through our fresh casino news, in-depth game reviews, and informative insights. 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