Detroit Casino Revenues and Wagering Taxes for November 2013

  

FOR IMMEDIATE RELEASE: December 11, 2013

 

Location: Cadillace Place, 3062 W. Grand Blvd, L-700, Detroit 
Contact:  Gary Paolella (313) 456-3879
Time: 3:00 p.m.
 
Detroit Casino Revenues and Wagering Taxes for November 2013 

Casino Operations – Month of November 2013

Aggregate revenue for the three Detroit casinos for the month ending November 30, 2013, was down 0.9% when compared to the same month last year. Revenue was up 5.2% when compared to October 2013.  For year-to-date November 30, 2013, aggregate revenue for the three Detroit casinos was down 4.3% compared to the same period last year.

Revenue for MotorCity was up 2.8% to $39.5 million, whereas MGM and Greektown were down 2.9% to $46.4 million, and 2.6% to $25.9 million, respectively, when compared to November 2012. 

The market shares for MGM, MotorCity, and Greektown for November 2013 were 42%, 35%, and 23%, respectively. 

For the month ending November 30, 2013, gaming taxes for the three Detroit casinos were $9.1 million compared to $9.14 million for November 2012.