Detroit casinos report first 2019 year-over-year aggregate revenue decline during June, slight second quarter revenue increase

Contact: Mary Kay Bean 313-456-1344

Detroit, July 16, 2019 - The three Detroit commercial casinos in June reported $117.5 million in monthly aggregate revenue, or a 1.4 percent decline from June 2018 results and a 6.6 percent drop from May 2019 revenue. Second quarter aggregate revenue at $368.4 million was up a fractional 0.2 percent compared with second quarter 2018 results.

June results breakdown

MotorCity Casino reported $39.9 million in June revenue for a fractional 0.7 percent increase over June 2018. Both MGM Grand Detroit and Greektown Casino experienced revenue declines in June compared with June 2018 numbers. MGM revenue fell 2.2 percent to $50.7 million, and Greektown revenue dropped 2.8 percent to 26.9 million.

Market shares during June were:

  • MGM, 43 percent

  • MotorCity, 34 percent

  • Greektown, 23 percent

Second quarter results breakdown

All three casinos reported slight second quarter revenue increases compared with the second quarter of 2018:

 

 

2nd Quarter Revenue (in millions)

Percent Increase

MGM

$157.5

0.07

MotorCity

$125.3

0.34

Greektown

$ 85.6

0.03

 

Gaming taxes

During June, the three Detroit casinos paid $9.5 million in gaming taxes to the State of Michigan compared with $9.6 million for the same period last year. Quarterly state gaming taxes were $29.84 million compared with $29.79 million for the second quarter of 2018.

The three Detroit casinos reported submitting $14 million in wagering taxes and development agreement payments to the City of Detroit during June.

"The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the State of Michigan."