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November 10, 2015
Detroit – The three Detroit casinos’ aggregate revenue fell 0.5 percent during October compared with the same month last year. However, year-to-date aggregate revenue rose 3.1 percent through October compared with the casinos’ revenues for the first 10 months of 2014.
Monthly revenue was 4.9 percent higher at the three casinos in October than during September.
Compared with October 2014 results, MGM’s revenue rose 0.9 percent to $47.5 million. MotorCity Casino’s revenue was up 0.3 percent to $37.8 million. Greektown’s revenue fell 3.7 percent to $27.6 million.
Market shares for October were:
For the month ending Oct. 31, the three Detroit casinos paid $9.1 million in state gaming taxes compared with $9.2 million collected in October 2014.
The Michigan Gaming Control & Revenue Act requires the casinos to pay a minimum wagering tax monthly of 10.9 percent to the city of Detroit. During 2014, the Detroit casinos reported paying the city of Detroit $168,662,438 in wagering taxes.
"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."