HomePublicationsNewsletter ArchiveNewslettersVolume 23Issue 33MICHIGAN GAMING CONTROL BOARD RELEASES DETROIT CASINO REVENUES FOR SEPTEMBER 2017

The Michigan Gaming Control Board (“MGCB” or “Board”) released the September 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 up 1.3% in September as compared to the month last year. Please see the linked State of Michigan official financial report.

Revenue rose at MotorCity 3.8 percent to $38.4 million and at Greektown 2.1 percent to $27.2 million compared with September 2016 results. MGM’s $48 million in revenue was down 1 percent compared with the same month last year.

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 September 2017 market shares for MGM Grand Detroit, MotorCity Casino and Greektown Casino were 42%, 34% 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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