January 10, 2017
Detroit, January 10, 2017 - The three Detroit casinos’ aggregate revenue rose a fractional 0.7 percent to $1.386 billion in 2016 compared with 2015 results. Slots contributed $1.13 billion, or 82 percent, of annual revenue, and table games brought in $256 million, or 18 percent.
Full-year revenue for MGM was up 1.7 percent to $592.1 million. MotorCity revenue rose a fractional 0.7 percent to $467.9 million. Greektown revenue at $325.6 million was 1.3 percent below 2015 totals.
For the year ending December 2016, the three Detroit casinos paid the state of Michigan $112.2 million in gaming taxes compared with $111.5 million in 2015. The casinos also reported paying $175.5 million in wagering taxes and development agreement payments to the city of Detroit during 2016.
Full-year market shares were:
December results
December aggregate revenue fell 6.8 percent below December 2015 results but was 4.8 percent higher than November 2016 revenue.
All three casinos experienced December revenue declines:
|
Casino |
Revenue |
Percentage Decrease |
|
MGM |
$50.9 million |
8.8% |
|
MotorCity |
$39.5 million |
3.7% |
|
Greektown |
$26.4 million |
7.5% |
During December, the three Detroit casinos paid $9.5 million in gaming taxes to the state of Michigan compared with $10.2 million during the same month last year.
The three Detroit casinos reported submitting $14.8 million in wagering taxes and development agreement payments to the city of Detroit during December.
"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."
