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Revenues improve in most gaming jurisdictions

Jun 17, 2008 7:00 PM

by Ray Poirier |Most of the country’s gaming jurisdictions reported revenue improvement for the month of May.

Leading the pack in percentage improvement were the three casinos in Detroit that reported a jump of 16.5% to $123.1 million. MGM Grand showed a 27.9% improvement followed by MotorCity with 14%. Even the struggling Greektown Casino was up by 2.7%.

Reversing a losing trend was Atlantic City where the 11 operating casinos showed an increase of 1.6%. Trump Taj Mahal had the best showing with an increase of 11.4%.

Missouri’s gaming revenue increased by 13.4% while Iowa’s May revenue jumped 13.2%. Indiana’s rise, however, was only 0.9%, hurt especially by Boyd Gaming’s Blue Chip riverboat in the Chicago market area.

Illinois continued to show the devastating impact that the smoking ban has caused. Revenues in May fell 14.1%.

The May figures for Colorado, also impacted by the no-smoking edict, were awaited but a Denver newspaper reported that revenues for the period between January and April fell 10.7%.