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Detroit Slots Revenue Increases

Detroit’s casinos have increased their slots revenue over the same time last year, according to the Michigan Gaming Control Board. They say that their slots performed better than they did previously, which ended in a lower amount of slots revenue for the month of July last year. This year, their slots numbers were higher.

The Board said that Motor City, MGM Grand Detroit and Greektown were up 4.94%, 2.19%, and 1.12% respectively. Some say it has to do with new construction, some say it has to do with errors in accounting, that perhaps last year’s slots numbers were higher than they were this year.

The idea that perhaps slots revenues were not reported correctly comes from the fact that Greektown was currently in hot water over that very thing. The casino had improperly counted coins for their slots during 2004 and 2005 spot checks on the casino. The board and the casino came to an amount of $20,000 that the casino would have to pay as a fine.

The board says that once a year they are required to count the coins that are in the hoppers of the slots that are on the casino floor. Greektown did not follow procedures in the processing of the slots revenue, and thus ended up paying the fine. They won’t have to worry about a fine later on as all of their slots are now ticket in/ticket out technology. As the casino are looking at more violations, per the board, the settlement was handled quickly.

Back to August 2007 Archive.