Gambling in the USA
Detroit Casinos Report $90.8M in Revenue for January
Detroit’s three casinos, MGM Grand Detroit, MotorCity Casino, and Greektown Casino, have reported $90.84 million in monthly aggregate revenue in January, the first full month the venues were open since shuttering in November under state orders tied to the Covid-19 pandemic.
According to a report released by the Michigan Gaming Control Board, table games and slots collectively generated $86.78 million in revenue last month. Retail sports betting generated a total of $4.06 million in revenue. The report does not include revenue from online gaming and internet sports betting, which launched in Michigan in January. MGCB expects to release those figures next week.
Revenue from table games and slots fell 27.7% compared to the same month in 2020, but monthly revenue rose 293.5% compared to December when casinos were closed for almost the entire month. The Detroit casinos, which closed on November 18, were allowed to reopen from December 23 with a limit of 20 people per 1000 square feet.
For 2020 overall, total adjusted revenue from the Detroit casinos was down more than 57% from 2019, to about $620.4 million, according to MGCB. In 2019, revenues totaled nearly $1.5 billion.
Wagering taxes paid to the city were down nearly 60%, from more than $184 million in 2019 to just over $73.8 million in 2020.
In January, gaming revenue at MGM dropped 32% to $34 million, year-over-year. MotorCity’s revenue fell 20.7% to $33.2 million. Greektown’s revenue declined 30.4% to $19.6 million.
The three casinos paid $7 million in gaming taxes to the state last month, down from $9.7 million in January 2020. They submitted $10.3 million in wagering taxes and development agreement payments to the city.
Revo Casino and Social House in Conway, New Hampshire, has held its grand opening on Tuesday.
The Conway property is the latest addition to Revo’s growing presence in New Hampshire, joining locations in Dover, Lebanon, Manchester, and Keene.
Revo Casino and Social House’s new amenities include:
• Rebels: A bold dining experience with a full bar and great game-day energy. Revo’s signature restaurant serves up flavorful dishes like the Rebel Smash Burger, flatbread pizzas, and prime rib, making it the perfect spot to eat, drink and enjoy the action.
• Rebel Stage: Featuring live music every weekend.
• Revo Studio powered by iHeartMedia: An in-house broadcast center featuring live iHeart broadcasts. The studio also drives the Soundtrack of the Revolution, a curated music selection that sets the energy and vibe of the property.
Gaming Highlights: 75 thrilling casino machines, including Ultimate Fire Link Explosion, Huff N Even More Puff, and Devil’s Lock. Table games, including blackjack, roulette, and poker tables.
Speakers and guests at the event included Revo President Aaron Gomes, Executive Director of Mount Washington Valley Promotions Lisa DuFault, and the Mount Washington Valley Chamber of Commerce.
“It’s exciting to open Revo Casino and Social House and see the community’s enthusiasm for our gaming, entertainment and dining options. Beyond entertainment, Revo Casino and Social House will also support nonprofits across the Mount Washington Valley. We’re proud to be part of this community and contribute to its success,” said Gomes.
“This facility will make such an incredible difference for so many nonprofits in the Mount Washington Valley. The support that Revo Casino and Social House provides allows organizations like ours to better serve our communities and care for those in need. The impact is truly life changing,” said Lisa DuFault, Executive Director of Mount Washington Valley Promotions.
Spinomenal, the leading iGaming content provider, has made its US debut after launching an exciting collaboration with a leading operator in the state of New Jersey, and is anticipating many more valuable collaborations with top tier online casinos.
Following impressive growth rates, Spinomenal is making a major move into the New Jersey iGaming market, marking a key step in its global expansion. By entering this crucial U.S. region, Spinomenal will bring its innovative games to a new audience, strengthening its presence and leadership in the iGaming industry.
Spinomenal’s specially selected titles will be going live via Pariplay’s Fusion aggregation platform in the New Jersey market. Some of the outstanding titles being made available for NJ players are Demi Gods II, Majestic Wild Buffalo and Kitsune’s Scrolls.
This marks a major milestone in Spinomenal’s strategic expansion plan, as this debut establishes the company’s initial presence within the New Jersey market, with further growth anticipated across the US iGaming ecosystem. This move underscores Spinomenal’s commitment to expanding its global footprint and further solidifying its position as a leader in the online casino industry.
Lior Shvartz, CEO for Spinomenal commented: “After a decade of establishing and positioning Spinomenal as a leading provider in the iGaming industry, we have now taken a big leap and will provide our exciting content to the esteemed New Jersey audience. We are highly optimistic about entering this prominent market, following the process of obtaining approval from the DGE.”
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