In August, revenues fell $1.59 million over July. September revenues were down $2.8 million over July when MotorCity Casino's newly expanded gaming floor (opened the first week of June) seemed to be producing at its peak.
Source: Michigan Gaming Control BoardAnd it's been reported this week that the opening of the casino's newly added 17-floor hotel will be delayed for a month.
It's likely MotorCity Casino's revenues will drop again for October given the property had locked its doors to patrons during a dispute with labor and that the casino's #1 competitor, MGM Grand Detroit, opened the doors to a brand new $800 million casino and hotel property in early October.
MotorCity Casino hired a V.P. of hotel operations in July who didn't last very long; and then announced the hiring of another V.P. of hotel operations in September.
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1 comment:
Why are you comparing months and not years. monthy by month camparisons don't matter. If that was the case, then retail comparisons would drastically change montly from Nov. to Dec., to Dece. to Jan, and so on.
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