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United States: Detroit Casinos’ June Aggregate Revenues Slightly Decrease Compared To Same Month Last Year: Michigan Gaming Control Board Releases June 2012 Revenue Data
The Michigan Gaming Control Board ("MGCB") released
the revenue and wagering tax data for June 2012 for the three
Detroit, Michigan, commercial casinos. The three Detroit commercial
casinos posted a collective 1.6% decrease in gaming revenues
compared to the same month in 2011. Aggregate gross gaming revenue
for the Detroit commercial casinos also decreased by approximately
5.8% in June compared to May 2012 revenue figures, continuing a
trend of similar decline from May to June in prior years.
MGM Grand Detroit posted decreased gaming revenue results for
June 2012 as compared to the same month in 2011, with gaming
revenue decreasing by less than half of 1%. MGM Grand Detroit
continued to maintain the largest market share among the three
Detroit commercial casinos and had total gaming revenue in June
2012 of over $47.3 million. MotorCity Casino had monthly gaming
revenue of nearly $37 million and posted a 0.2% increase in
revenues in June 2012 compared to June 2011. Greektown had gaming
revenue reaching nearly $27.3 million, a slight decrease compared
to June 2011.
The revenue data released by the MGCB also included the total
wagering tax payments made by the casinos to the State of
Michigan.
The gaming revenue and wagering tax payments for MGM Grand
Detroit, MotorCity Casino, and Greektown Casino for June 2012
were:
Casino
Gaming Revenue
State Wagering Tax Payments
MGM Grand Detroit
$47,326,715.28
$3,833,463.94
MotorCity Casino
$36,905,378.50
$2,989,335.66
Greektown Casino
$27,259,606.31
$2,208,028.11
Totals
$111,491,700.09
$9,030,827.71
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