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.

The Michigan Gaming Control Board (“MGCB” or “Board”) released the June 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 4.1% when compared to the same reporting period last year.

Revenue increased at MGM Grand Detroit, MotorCity and Greektown casinos, compared with June 2016. Specifically, MGM Grand Detroit revenue increased 2.2 percent to $48.6 million, MotorCity revenue increased 5.7 percent to $37.9 million, and Greektown was up 5.4 percent to $26.5 million.

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.

 

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

May

$50,523,650.08

$40,664,492.10

$28,757,824.72

June

$48,614,446.33

$37,943,849.44

$26,515,591.39

Total

$298,097,599.47

$244,830,427.41

$171,539,558.69

The June 2017 market shares for MGM Grand Detroit, MotorCity Casino, and Greektown Casino were 43%, 34%, and 23%, respectively.

 

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

May

$119,945,966.90

$9,715,623.32

$14,273,570.06

June

$113,073,887.16

$9,158,984.86

$13,455,792.57

Total

$714,467,585.57

$57,871,874.43

$85,021,642.68

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

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.

 

Upcoming Events

Tuesday, October 30, 2017

Michigan Gaming Control Board Regular Public Meeting

October 2-5, 2017

Casino Job Board

Official Publications

 

RMC Legal

Visit our other website below: