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Detroit Casino Revenues & Wagering Taxes for the Month of November 2012

Contact:  Gary Paolella (313)456-4178
December 12, 2012
FOR IMMEDIATE RELEASE

 

Time: 3:00 p.m. 
Location: Cadillac Place, 3062 W. Grand Blvd., L-700 - Detroit.

 

DETROIT CASINO REVENUES & WAGERING TAXES FOR THE MONTH OF NOVEMBER 2012

 

Casino Operations - November 2012

 

Aggregate revenue for the three Detroit casinos for the month ended November 30, 2012 was down by 2.0% when compared to the same month last year. Revenue was up by 1.7% when compared to the previous month, October 2012. 

 

Revenue for MGM and Greektown was down by 2.4% to $47.8 million and 6.5% to $26.6 million respectively, whereas MotorCity was up 2.1% to $38.5 million when compared to November 2011. 

 

The market shares for MGM, MotorCity, and Greektown for November 2012 were 42%, 34%, and 24% respectively.

 

For the month ending November 30, 2012, gaming taxes for the three Detroit casinos were $9.1 million compared to $9.3 million for the same period last year.