Detroit casinos' revenue declines amid competition

Three Detroit casinos report decline in revenue for 2013

DETROIT - Detroit's three casinos are reporting a decline in revenue as Ohio's gambling market draws business and gamblers spend less.
The Michigan Gaming Control Board reported figures on Tuesday showing that the combined revenue of MotorCity Casino, MGM Grand Casino and Greektown Casino has fallen 4.7 percent from a year ago through the first 10 months of 2013 to $1.13 billion.
Detroit's casinos could post the biggest year-over-year decline since they were fully operational in 2001. The other times they've had a collective year-over-year decline were in 2012, when revenues fell 0.5 percent, and in 2009, when revenues declined 1.5 percent.

Toledo casino is not far from state line

The Hollywood Casino is on the Maumee River, 11 miles south of the state line. It includes 2002 machines, 60 table games and a sports bar surrounded by huge high definition TVs. Unlike the Detroit casinos, smoking is not allowed inside.

The casino has advertised heavily in Michigan.

"We do anticipate a jump ball between us and Detroit where people have the choice to go either way," said Jason Birney, vice president of marketing at Hollywood Casino.

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