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February 12, 2009
The Michigan Gaming Control Board reports today that the aggregate revenue and taxes for all three Detroit casinos for the month of January were down by 5.83% in comparison to the same month last year. Revenue for MGM Grand, MotorCity and Greektown casinos were down by 1.88%, 6.46%, and 11.63% respectively, in comparison to the same month last year.
For January 2009, gaming taxes for the three Detroit casinos were $9.63 million in comparison to $11.87 million for the same period last year. The decrease in the State of Michigan's gaming tax revenue is due to the tax roll back approved for MGM Grand and the MotorCity casinos. See attached spreadsheet.
At the request of the Board, we are releasing a summary of the Board's Year End Report for 2008. The report includes all entities that are funded and assist in their regulatory functions. See attachment. For questions regarding this report, please contact the Michigan Gaming Control Board Office.
For questions regarding the Michigan State Police portion of the 2008 Year End Report, please contact Inspector Ellis Stafford at 734-525-4191.