http://www.detroitnews.com/article/20130312/BIZ/303120448/1361/Detroit-casino-revenues-fall-$17.5M-in-February?utm_medium=referral&utm_source=t.co
Detroit casino revenue dropped 13.7 percent — roughly $17.5 million — in February, compared to a year ago. It was the worst monthly decline since the opening of Ohio's casinos.
Greektown Casino revenue plummeted 18.4 percent to $26.6 million. MGM Grand Detroit revenue dropped 13.1 percent to $46.5 million in February. MotorCity Casino revenue declined 10.8 percent to $38.3 million. Gaming taxes for the three Detroit casinos in February totaled $9 million, down from $10.4 million last February.
February had eight weekend days — Fridays and Saturdays — the same number as last February.
The casinos have been affected by the opening of two new casinos in Ohio — most notably the Hollywood Casino Toledo, which opened in May 2012 — attracted some southeast Michigan gamers with smoke-free gambling. The Toledo casino also offered a closer gambling option for northwest Ohio residents who formerly gambled in Detroit.
In addition, Hollywood Casino Columbus opened late last year in central Ohio. A Cleveland casino that Quicken Loans Inc. chairman Dan Gilbert partially owns with Caesars Entertainment opened in May, and another in Cincinnati opened this month.
Those four casinos had a combined revenue of $55.5 million in February, according to the Ohio Casino Control Commission.
In 2012, the Ohio casinos had a marginal impact on Detroit casinos, which saw their collective revenue decline 0.5 percent. It was the second collective revenue loss in their history.
Some, including Steve Zanella, MGM Detroit general manager, thought the honeymoon period for Ohio casinos had come and gone.
"I didn't think the Ohio casinos would be doom and gloom for us," Zanella said in an interview in November. "I knew it would impact us somewhat. I thought their (honeymoon period) dropped off a lot quicker ... than I thought it would."