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Detroit casino revenues and wagering taxes reported for January 2016
February 09, 2016
Detroit - The Detroit casinos' aggregate revenue fell by 1.8 percent to $109 million during January compared with year-earlier results, and monthly revenue was 13.1 percent lower than December 2015 revenue.
MGM recorded a 1.1 percent monthly revenue increase to $46.7 million compared with the same month last year. Revenues were down 2.4 percent to $37.1 million for MotorCity and 5.7 percent to $25.2 million for Greektown compared with January 2015 results.
January market shares were:
During January, the three Detroit casinos paid $8.8 million in state taxes compared with $9 million for January 2015.
The three Detroit casinos reported submitting nearly $13 million in wagering taxes and development agreement payments to the City of Detroit during January.
"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."