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Detroit casinos August revenue and gaming taxes reported; casinos' licenses renewed for one year
September 08, 2015
Detroit – The three Detroit casinos’ aggregate revenue fell 4.6 percent during August compared with the same month last year, and monthly revenue was down 6.4 percent in August compared with July 2015.
Revenue results were presented today to the Michigan Gaming Control Board, which also accepted the staff’s recommendation to renew the state casino licenses for MGM Grand Detroit, MotorCity Casino and Greektown Casino for one year.
Year-to-date aggregate revenue for the three Detroit casinos was up by 3.4 percent through August compared to the first eight months of 2014.
Monthly revenue declined 7.7 percent for MGM to $43.6 million, 2.6 percent for Greektown to $26.8 million and 2.2 percent for MotorCity to $37.1 million compared with August 2014.
Market shares were:
The three Detroit casinos paid $8.7 million in gaming taxes to the state of Michigan during August compared to $9.1 million for the same month 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."