VEGAS CREST CASINO
May 13, 2012
Detroit's gaming industry is about to have another hit to their revenue according to a global management consulting company. This is related to Ohio's four new casinos that are about to open.
The company estimates a loss of about $30 million by 2015 in tax revenues. Competition from Ohio may attract gamblers away from Detroit's casinos.
Last year, Detroit's general fund budget was $1.2 billion. $177 million of that money came from casino gaming.
80% of the revenue earned from the Detroit casinos comes from visitors that live in a 150 mile radius.
Currently, Horseshoe Casino Cleveland is prepping for its opening on Monday. A few weeks later on May 29 Toledo's Hollywood Casino will open. The two remaining casinos in Cincinnati and Columbus are hopeful to open soon as well.
Return to Michigan Casinos.
US PLAYERS WELCOME
A World-Class Casino! *Best Slots, Blackjack, Table Games, Sports Book.
Rev up your action with this fully loaded Poker Room and hundreds of casino games!