Reporting aggregate revenue of $110 million during February, Detroit’s three casinos saw a 6.1% drop compared with results from the same time last year. Revenue from January and February this year fell 3.3% from combined revenues from January and February 2017, according to the Michigan Gaming Control Board.

During February this year, revenue at MGM Grand Detroit declined 4.7% to $45.8 million compared to February 2017. With more of the same, February revenue at $38.3 million for MotorCity Casino Hotel was a 5.6% dip. Meanwhile, the largest decline was seen at Detroit’s Greektown Casino dropping by 9.3% to $25.9 million for the month.

The Michigan Gaming Control Board reports that the monthly market shares for Detroit’s three casinos are as follows:

  • MGM, 42 percent
  • MotorCity, 35 percent
  • Greektown, 23 percent

Gaming taxes paid by Detroit’s three casinos combined was $8.9 million during February, down from the $9.5 million they paid in total for the same month last year.

For the month, MGM, MotorCity and Greektown casinos reported submitting wagering taxes and development agreement payments in the amount of $13.1 million to the City of Detroit, according to the report.

In January this year, Detroit’s three casinos reported aggregate revenue of $1.4 billion last year, an increase of 1.1 percent over revenue totals for the year prior.

Detroit’s three casinos see decline in Feb. revenue was last modified: March 16th, 2018 by K Morrison