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Michigan s internet betting revenue takes off

Michigan s internet betting revenue takes off Michigan s foray into legal online gambling continues to gain momentum, even exceeding the high expectations that surrounded the launch of internet sports betting and gaming earlier this year. The state s internet gaming operators brought in $95.1 million in receipts in March, the second full month of legal online gambling in the state. “Online casinos are on pace to earn $760 million in revenue this year, and that’s a staggering number,  analyst Geoff Fisk of MichiganSharp.com said in a statement Tuesday. I think that figure shatters even the loftiest expectations for Michigan’s online casinos.”

2020 was a good year for Michigan billionaires – the richest gained $45 billion

On Aug. 5, 2020, Dan Gilbert was worth an estimated $7.5 billion. On Aug. 20, he was worth $45 billion. Forbes released its annual World Billionaires List this week, noting 86% of the world’s wealthiest people are richer than they were a year ago. The world now has 2,755 billionaires, 660 more than last year. 2020 was a good year to be a billionaire – and Michigan’s richest were no exception. Gilbert, co-founder of Quicken Loans/Rocket Companies and owner of the Cleveland Cavaliers, was the biggest winner. Most of the increase is credited to his company offering shares on the New York Stock Exchange for the first time in early August.

6/24/21 – George Clinton And Parliament Funkadelic at Motor City Casino

6/24/21 – George Clinton And Parliament Funkadelic at Motor City Casino
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Ocean Casino Resort Atlantic City s Top Operating Performer in 2020

Ocean Casino Resort fared better than the eight other casinos in Atlantic City during the pandemic-stricken 2020 year. Ocean Casino Resort is seen from the Atlantic City Boardwalk. The property led the way last year in terms of operating profits among the town’s nine casinos. (Image: Twitter) Financial statistics released by the New Jersey Division of Gaming Enforcement (DGE) reveal that Ocean managed to turn in a nearly $21.9 million gross operating profit for 2020. That’s up $6.7 million on 2019 for the Boardwalk casino’s bottom line. Gross operating profit reflects earnings before interest, taxes, depreciation, amortization, and other miscellaneous items on a casino’s income statement. It is a widely-accepted measure of profitability in the Atlantic City gaming industry.

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