January 12, 2016
Detroit – The three Detroit casinos’ aggregate revenue was 3.3 percent higher during 2015 compared with 2014.
MGM’s full-year revenue of $582 million was up 3.7 percent compared with 2014 results. Motor City’s revenue of $464.5 million was 4.4 percent higher than 2014 revenue. Greektown revenue rose 1 percent year over year to $329.9 million.
For the month ending Dec. 31, aggregate revenue was up 6.2 percent compared with the same month last year. December revenue was 15.4 percent higher than in November.
When compared with December 2014, MGM’s monthly revenue was up 11.4 percent to $55.8 million. MotorCity’s monthly revenue rose 3.6 percent to $41.1 million, and Greektown’s December revenue was 0.6 percent higher at $28.6 million.
Market shares were:
|
Casino |
December |
Full-Year 2015 |
|
MGM |
44 percent |
42 percent |
|
MotorCity |
33 percent |
34 percent |
|
Greektown |
23 percent |
24 percent |
For the month ending Dec. 31, state gaming taxes for the three Detroit casinos were $10.2 million compared with $9.6 million for the same period last year. The three casinos paid $111.5 million in taxes to the state of Michigan during 2015 compared with $108 million in 2014.
The three Detroit casinos reported submitting to the City of Detroit $15.9 million in wagering taxes and development agreement payments in December and $174.3 million for the full 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."
