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Detroit Casino revenues were up for September by 5.6% over September 2009. However, revenues were down by 4.9% in comparison to August.
October 12, 2010
Casino Operations - September 2010
The aggregate revenue for all three Detroit casinos for September 2010 were up by 5.6 percent, in comparison to the same month last year. However, revenues were down by 3.2 percent in comparison to August 2010. Revenue for MGM Grand Detroit and MotorCity were up by 11 percent, to $46.5 million, and 3.9 percent to $34.8 million, respectively, whereas Greektown was down by .3% to $28.1 million in comparison to the same month last year.
The market shares for MGM, MotorCity, and Greektown for September 2010 were 43 percent, 31 percent, and 26 percent, respectively.
For the month of September 2010, gaming taxes for the three Detroit casinos were $8.0 million in comparison to $9.5 million for September 2009. *
Casino Operations - 3rd Quarter Ending September 2010
The aggregate revenue for the Detroit casinos for the 3rd quarter ending September 2010, were up by 3.2 percent, in comparison to the same period last year. Revenues for MGM, MotorCity, and Greektown for the 3rd quarter were $145 million, $108 million, and $89 million, respectively.
Revenue for the 3rd quarter ending September 30, 2010, for MGM and MotorCity were up by 8.3 percent and 1.3 percent respectively, whereas Greektown was down by 2.1 percent in comparison to the same quarter last year.
For the 3rd quarter ending September 30, 2010, gaming taxes for the Detroit casinos were $21.9 million in comparison to $30.4 million for the same period last year.*
GTC Tax Rollback Ending September 2010
On March 9, 2010, the Board granted Greektown Casino a tax rollback credit in the amount of $14,971,488. During the month of September 2010, GTC used up the remaining balance of $841,231 against the tax rollback credit, and effective Friday, September 10, 2010, GTC began to remit wagering taxes at the usual rate of 8.1 percent.
*(Due to Greektown Casino partial tax rollback credit).
6 Arrested at Detroit Casino on felony criminal charges of theft from unsuspecting patrons playing slot machines.
The Michigan State Police (M.S.P.) assisted by Michigan Gaming Control Board (MGCB) Investigators during a routine investigation arrested six individuals for stealing casino slot payoff slips from patrons as they played. Using a ploy to distract the players, the thieves attempted to steal winning tickets lying on patron's slot machines as they played.
The arrests were accomplished as part of an ongoing joint operation targeting all three Detroit Casinos for the theft of TITO (Ticket in - Ticket out) winning tickets from patrons as they played slots.
M.S.P. and Gaming Control Board maintain a 24 hour presence in each Detroit Casino and monitor the safety of patron and investigate reported crimes in the casinos.
The Detroit Casinos, the MGCB and the MSP are committed to working together to ensure the safe, honest and fair gaming for the citizens of Michigan.