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Detroit Casino Revenues and Wagering Taxes for October 2014
November 12, 2014
FOR IMMEDIATE RELEASE: November 12, 2014
Detroit—The three Detroit casinos’ aggregate revenue was up 6.6 percent for the month ending Oct. 31, 2014, compared with October 2013, and October revenue was up 10 percent compared with September 2014.
Compared with October 2013, Greektown recorded a 15 percent revenue increase to $28.7 million, MotorCity was up 7.4 percent to $37.7 million, and MGM rose 1.6 percent to $47 million.
Through Oct. 31, the Detroit casinos’ year-to-date aggregate revenue was down 2 percent compared with the same period last year.
Market shares for October 2014 were:
- MGM: 42 percent
- MotorCity: 33 percent
- Greektown: 25 percent
For the month ending Oct. 31, 2014, gaming taxes for the three Detroit casinos were $9.2 million compared with $8.6 million for the same month last year. For the three months ended Oct. 31, gaming taxes for the three Detroit casinos were $26.7 million compared with $26.4 million for the same period last year.
"The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the State of Michigan."