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Rick Kalm in his Executive Director Report to the Board yesterday advised that Detroit casino revenues were actually up by 2.4 percent for the three month period ending February 2010.
March 10, 2010
Executive Director Rick Kalm shared with the Board yesterday at the monthly meeting a comparison of the total aggregate revenues for all three Detroit casinos since December 2009.
Kalm stated that Total Aggregate Revenues for all three casinos since December 2009 were up by 2.4 percent in comparison to the same period last year. Gaming revenues for MGM, MotorCity, and Greektown for the three months were $143 million, $107 million, and $86.2 million respectively.
Gaming revenues for the three month period for MGM and Greektown were up by 1.7 percent and 13.8 percent respectively, whereas MotorCity was down by 4.5 percent in comparison to the same period last year. The Detroit market shares for MGM, MotorCity, and Greektown casinos for the three month period were 42 percent, 32 percent, and 26 percent, respectively.
Kalm also reported that for the three month period ending February 2010, gaming taxes for the three Detroit casinos were $30.7 million in comparison to $29.6 million for the same period last year.