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Detroit City is one of the poorest cities in the entire USA, being declared officially bankrupt by the and having one of the highest unemployment rates in the US after GM closed down almost all of their productions in the former US pride.
Despite the city being in such a bad shape, the casinos in the city has been running quite successfully, mainly due to the poverty attracting desperate people who hopes to be able to win money to live. Things are turning around a little bit for the casinos now however, as the revenues continue to decline compared to last years numbers.
In total the revenues from the three casinos in Detroit fell 3% year-on-year, the Michigan Gaming Control Board reported. Revenues so far this year is at $994.5 million, with last years numbers being $1.02 billion. Furthermore the revenues went from $112.7 million in August to $103.1 million in September.
The only casino with increasing revenues in September was Greektown Casino-Hotel, who had revenues of $26.6 million in September compared to $25.4 million in September last year. Both the MGM Grand Detroit and MotorCity Casino had revenues drop year-on-year of around $2 million.