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 Attorney J.J. Burchman.

Mr. Waddell,  Mr. Russell and Mr. Burchman 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.

In a press release dated March 12, 2019, the Michigan Gaming Control Board (“MGCB” or “Board”) released the February 2019 revenue figures for the three Detroit casinos – MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino.

The three Detroit casinos reported $114.6 million in aggregate revenue for  February 2019, a 4.1% increase from the same month last year. The results were 2.2% above the monthly revenue in January 2019. Through February, the three casinos recorded a 2.3% aggregate revenue increase compared with results for the first two months of last year.

Please see the linked  State of Michigan official financial report.

Revenue increased at MGM by 7.9% to $49.5 million. MotorCity recorded a revenue increase of 1% to $38.7 million. Greektown revenue increased by 1.9% to $26.4 million, all compared with February 2018 results.

The February 2019 market shares for MGM Grand Detroit, MotorCity Casino and Greektown Casino were 43%, 34% and 23% respectively.

During February 2019, the three Detroit casinos paid $9.3 million in gaming taxes to the State of Michigan, compared with $8.9 million for the same month last year. The three casinos reported submitting $13.6 million in wagering taxes and development agreement payments to the City of Detroit in February.

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 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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