Detroit's casino revenue fell 4.7% in 2013 and that could leave the city coffers about $10 million short.
Detroit News: The declining revenue also means a cut in taxes the city of Detroit will receive. In 2012, Detroit took in $171 million in taxes from gaming operations, representing about 14 percent of money taken in by the city. That number could fall even further, based on 2013 full-year casino revenue.
Detroit, in its 2012 fiscal year — which ran from July 1, 2011, through June 30, 2012. says it took in about $181 million in casino revenue. That was up $4 million from 2011’s fiscal year, but that number masks the continued fallout from fragmentation in the greater Detroit gaming market.
If only you people cared about Detroit's well-being, you would dump more money at the MGM, Motor City, and Greektown blackjack tables.
Detroit is in a financial crisis and we all need to do our bit to help this great city return its former glory. Speramus Meliora; Resurget Cineribus and all of that.
How can Detroit rise from the ashes if everyone is sticking to the penny slots? For Detroit's sake...for the children...let's raise the stakes, shall we?
