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Casino Operations for May

June 14, 2011

2011

 May Detroit Casino Revenues and Wagering Taxes for

Casino Operations - May 2011 For the month of May 2011, gaming taxes for the three Detroit casinos were $9.7 million compared to $7.1 million for the same period last year. (Gaming taxes were lower in 2010 due to the rollback of a reduced tax rate for Greektown in March 2010, which created a tax credit that was utilized through September 2010.)

The market shares for MGM, MotorCity, and Greektown for the month of May 2011 were 43 percent, 32 percent, and 25 percent, respectively.

Revenue for MGM, MotorCity and Greektown was up by 4.8 percent to $51.2 million, 1.1 percent to $38.8 million and 1.2 percent to $30.0 million respectively compared to the same month last year.

Aggregate revenue for all three Detroit casinos for the month of May 2011 was up by 2.7 percent compared to the same month last year. However, revenue was down by 4.2 percent compared to April 2011.
MI Newswire Gaming Control Board Gaming Control Board

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