HomePublicationsNewsletter ArchiveNewslettersVolume 22MICHIGAN GAMING CONTROL BOARD RELEASES DETROIT CASINO REVENUES FOR JANUARY 2016

The Michigan Gaming Control Board (“MGCB” or “Board”) released the January, 2016 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 1.8% compared to the same reporting period last year.

 

Month in 2016

Total Adjusted Revenue 2016

MGM Grand Detroit

MotorCity Casino

Greektown Casino

 

Total Adjusted Revenue

Total Adjusted Revenue

Total Adjusted Revenue

January

$46,718,389.11

$37,132,788.69

$25,215,520.31

Total

$46,718,389.11

$37,132,788.69

$25,215,520.31

Specifically, revenue for MGM Grand Detroit was up by 1.1% while revenue for MotorCity Casino and Greektown Casino was down 2.4% and 5.7% respectively, during January, 2016 when compared to the same month last year.

 

Month in 2016

Total Adjusted Revenue and Taxes 2016

All Detroit Casinos

 

Total Adjusted Gross Receipts

Total State Wagering Tax

Total Detroit Wagering Tax

January

$109,066,698.11

$8,834,402.55

$11,888,270.09

Total

$109,066,698.11

$8,834,402.55

$11,888,270.09

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

The market shares for MGM Grand Detroit, MotorCity Casino, and Greektown Casino for January 2016 were 43%, 34%, and 23%, 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; and 4) other normal business expenses.

 

 

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