Your Source For Michigan Gaming News

Since 1997, the Michigan Gaming website has been a comprehensive resource regarding gaming in the state of Michigan. This site is an RMC Ventures, LLC publication, with contributions by the original creators of the site, Attorney David Waddell and Gaming Analyst Robert Russell, and additional contributions by J.J. Burchman, and Blaine DeGracia.

Mr. Waddell and Mr. Russell are also associated with Regulatory Management Counselors, P.C., which proactively assists clients in managing regulatory issues in an effort to maximize company profits and avoid legal problems.

On May 10, 2017, the Michigan Gaming Control Board (“MGCB” or “Board”) released the April 2017 total adjusted revenue figures for the  three Detroit casinos – MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino. Overall, the revenue for the Detroit market was down 1.1% when compared to the same reporting period last year.

Revenue declined at all three casinos compared with April 2016 revenue: MGM Grand Detroit by 1.7 percent to $49.6 million; MotorCity Casino by 0.5 percent to $42.1 million; and Greektown Casino by 0.9 percent to $29.3 million.

 

Month in 2017

Total Adjusted Revenue 2017

MGM Grand
Detroit

MotorCity
Casino

Greektown
Casino

 

Total Adjusted Revenue

Total Adjusted Revenue

Total Adjusted Revenue

January

$47,122,785.88

$38,437,983.01

$26,444,022.40

February

$48,090,071.92

$40,560,815.83

$28,590,936.09

March

$54,150,615.38

$45,102,231.26

$31,950,728.99

April

$49,596,029.88

$42,121,055.77

$29,280,455.10

Total

$198,959,503.06

$166,222,085.87

$116,266,142.58

 

 

Month in 2017

Total Adjusted Revenue and Taxes 2017

All Detroit Casinos

 

Total Adjusted Gross Receipts

Total State Wagering Tax

Total Detroit  Wagering Tax*

January

$112,004,791.29

$9,072,388.09

$13,328,570.16

February

$117,241,823.84

$9,496,587.73

$13,951,777.04

March

$131,203,575.63

$10,627,489.63

$15,613,225.50

April

$120,997,540.75

$9,800,800.80

$14,398,707.35

Total

$481,447,731.51

$38,997,266.25

$57,292,280.05

*Total includes wagering tax and development agreement payments to the city of Detroit as reported by the casinos

All three casinos are subject to a wagering tax of 19%, with 10.9% of this levy payable to the City of Detroit and 8.1% payable to the State of Michigan.

The April 2017 market shares for MGM Grand Detroit, MotorCity Casino, and Greektown Casino were 41%, 35%, and 24%, respectively.

The figures released by the Board are the gross receipts less winnings paid to wagerers. The figures do not include: 1) any fees or other relevant city, state or federal taxes; 2) wages and benefits paid to casino employees; 3) payments to suppliers, services providers or vendors; nor 4) other normal business expenses.

 

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