Discuss Detroit » Archives - Beginning January 2007 » January casino revenue up 4.8 percent over last year « Previous Next »
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Gmich99
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Username: Gmich99

Post Number: 162
Registered: 11-2005
Posted on Tuesday, February 13, 2007 - 11:45 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Detroit’s three casinos logged 4.8 percent more in revenue last month than they did in January 2006, the Michigan Gaming Control Board reported Tuesday.

The three casinos combined for almost $109.4 million in gross receipts from gambling in January 2007, compared with $104.3 million a year earlier.

http://www.crainsdetroit.com/a pps/pbcs.dll/article?AID=/2007 0213/REG/70213016/1035

Any new development photos?
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Susanarosa
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Username: Susanarosa

Post Number: 1367
Registered: 11-2003
Posted on Wednesday, February 14, 2007 - 12:28 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Super Bowl?
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Jt1
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Username: Jt1

Post Number: 8298
Registered: 10-2003
Posted on Wednesday, February 14, 2007 - 12:39 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

No sports book. Bad economy and Christmas bills. Bunch of dummies that think the casinos will rectify their f'ed financial situation.
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Erikd
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Username: Erikd

Post Number: 806
Registered: 10-2003
Posted on Wednesday, February 14, 2007 - 12:54 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Susanarosa and JT1,

The casino revenue went UP 4.8%, not down.
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Lmichigan
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Username: Lmichigan

Post Number: 5118
Registered: 10-2003
Posted on Wednesday, February 14, 2007 - 1:16 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Who said anything less? Jt1 made his point of how he thought it went up.
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Gannon
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Username: Gannon

Post Number: 8354
Registered: 12-2003
Posted on Wednesday, February 14, 2007 - 1:18 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

My bet is she was explaining why LAST YEAR'S numbers might've been soft.

Jt1 has me wondering about the No sports book comment, but the rest agrees with an increase.


I'm wondering if the increase if more from out-of-towners, or hometowners...and IF they think the gambling momentum is increasing with the hotels finally being constructed.


I'm sure it isn't from altruistic gamblers trying their damnedest to help fund those buildings!
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Charlottepaul
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Username: Charlottepaul

Post Number: 489
Registered: 10-2006
Posted on Wednesday, February 14, 2007 - 9:17 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Colder weather encourages more gaming (not proven, just my theory).
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Jt1
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Username: Jt1

Post Number: 8300
Registered: 10-2003
Posted on Wednesday, February 14, 2007 - 10:51 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Gannon - my comment was to point out there is no sports book for the SB comment. i on't believe the SB would have any impact on Detroit's casinos.

I wonder how many people received their buyout checks from GM or FOrd and had some 'extra' money
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Gannon
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Username: Gannon

Post Number: 8370
Registered: 12-2003
Posted on Wednesday, February 14, 2007 - 11:10 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Ick. Yeah.

Not a bad postulate.
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Upinottawa
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Username: Upinottawa

Post Number: 748
Registered: 09-2005
Posted on Wednesday, February 14, 2007 - 11:16 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

With respect to the SB, the large number of tourists who came for the festivities may have dropped a few bucks at the Casinos.
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Gannon
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Username: Gannon

Post Number: 8374
Registered: 12-2003
Posted on Wednesday, February 14, 2007 - 11:19 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

That would've twisted the figures the other way, Up, we're talking about an increase THIS year from last.

If they had a similar bump last year, then it was magnified even MORE this one, then perhaps something as simple as cabin fever coupled to a lack of innovative TeeVee programming might be the culprit!
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Detroitbill
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Username: Detroitbill

Post Number: 152
Registered: 09-2006
Posted on Wednesday, February 14, 2007 - 11:57 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Lots more people attended downtown events this past year, ( Eg, Superbowl, Tigers, etc,,) Many more dropped in casinos to gamble also for the day or eve while they were downtown, That is what spinoff business is all about and why downtown is moving towards offering the whole package to visitors, and residents. It makes Detroit a more interesting place to visit to many people.

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