HomePublicationsNewsletter ArchiveNewslettersVolume 22Issue 29MICHIGAN GAMING CONTROL BOARD RELEASES DETROIT CASINO REVENUES FOR AUGUST 2016; CASINOS’ LICENSES RENEWED FOR ONE YEAR

On September 12, 2016, the Michigan Gaming Control Board (“MGCB” or “Board”) released the  August 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 rose 7.9% compared to the same reporting period last year.  The MGCB also accepted the Board Staff’s recommendation to renew the state casino licenses for MGM Grand Detroit, MotorCity Casino and Greektown Casino for one 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

February

$47,193,903.95

$40,385,060.23

$28,822,028.76

March

$51,818,121.13

$43,700,908.78

$29,430,087.08

April

$50,462,057.70

$42,346,725.48

$29,548,118.17

May

$51,903,469.93

$39,010,274.10

$27,621,012.43

June

$47,555,020.17

$35,895,882.01

$25,161,438.57

July

$50,185,322.0

$40,569,698.06

$27,707,524.25

August

$51,333,425.60

$37,835,364.01

$26,734,163.06

Total

$397,169,709.65

$316,876,701.36

$220,239,892.63

Specifically, revenue for MGM Grand Detroit was up 17.9%, MotorCity was up 2%, and Greektown fell 0.3% during August 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

February

$116,400,992.94

$9,428,480.43

$12,687,708.23

March

$124,949,116.98

$10,120,878.48

$13,619,453.75

April

$122,356,901.35

$9,910,909.01

$13,336,902.25

May

$118,534,756.46

$9,601,315.27

$12,920,288.45

June

$108,612,340.75

$8,797,599.60

$11,838,745.14

July

$118,462,544.37

$9,595,466.09

$12,912,417.34

August

$115,902,952.67

$9,388,139.17

$12,633,421.84

Total

$934,286,303.63

$75,677,190.59

$101,837,207.10

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 market shares for MGM Grand Detroit, MotorCity Casino, and Greektown Casino for August 2016 were 44%, 33%, 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; nor 4) other normal business expenses.

 

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