October has indeed been a month to forget for Detroit casinos. Not only did the month usher in the ongoing workers’ strike, but as a consequence of the picketing, Detroit casinos ended October with their lowest revenue tally in years. The strike which started on October 17, saw 3700 members of the Detroit Casino Council and other groups momentarily leave their jobs in quest for better pay and healthcare.
With all three of Detroit casinos working at less-than-full capacity, the huge revenue decline was practically inevitable. Our prediction of a daily loss of about $1.5 million came true as the casinos tumbled about 20% from its October 2022 revenue.