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Detroit Casino Revenues & Wagering Taxes for August 2013
FOR IMMEDIATE RELEASE
September 10, 2013
Contact: Information Officer (313) 456-2006
Location: Cadillac Place, 3062 W. Grand Blvd., L-700 - Detroit.
Time: 3:00 p.m.
Casino Operations – Month of August 2013
Aggregate revenue for the three Detroit casinos for the month ending August 31, 2013, was down 3.5% when compared to the same month last year. Revenue was up 0.5% when compared to July 2013. For year-to-date August 31, 2013, aggregate revenue for the three Detroit casinos was down 4.5% compared to the same period last year.
Revenue for MotorCity was up 1.5% to $38.7 million, whereas MGM and Greektown were down 4.8% to $47.4 million and 7.7% to $26.8 million, respectively, when compared to August 2012.
The market shares for MGM, MotorCity, and Greektown for August 2013 were 42%, 34%, and 24%, respectively.
For the month ending August 31, 2013, gaming taxes for the three Detroit casinos were $9.1 million compared to $9.5 million for the same month last year.
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