HomePublicationsNewsletter ArchiveNewslettersVolume 18Issue 33Michigan Gaming Control Board Releases Detroit Casino Revenues for September, 2012

The Michigan Gaming Control Board (“MGCB” or “Board”) released the September, 2012 total adjusted revenue figures for the three Detroit casinos – MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino.  Overall, revenue for the Detroit Market was up 0.2% in September, 2012 from the same reporting period last year. Specifically, revenue for MGM Grand Detroit Casino and Greektown Casino was up by 4.5% and 3.4%, while revenue for MotorCity Casino was down by 7.5% respectively during September, 2012 in comparison to the same month last year.

 

Month in 2012

Total Adjusted Revenue 2012

MGM Grand Detroit

MotorCity Casino

Greektown Casino

 

Total Adjusted Revenue

Total Adjusted Revenue

Total Adjusted Revenue

January

$47,869,082.24

$36,708,630.10

$29,607,452.04

February

$53,443,696.53

$42,922,456.88

$32,560,470.47

March

$57,181,553.70

$43,543,183.32

$34,602,503.13

April

$52,125,745.86

$39,350,932.55

$31,868,439.41

May

$51,719,743.97

$36,964,111.37

$29,720,467.91

June

$47,326,715.28

$36,905,378.50

$27,259,606.31

July

$48,820,780.88

$34,988,360.07

$28,194,024.07

August

$49,759,221.09

$38,102,330.20

$29,065,619.31

September

$50,767,759.78

$35,529,881.05

$27,778,700.13

Total

459,014,299.34

$345,015,264.04

$270,657,282.78

 

 

Month in 2012

Total Adjusted Revenue 2012

All Detroit Casinos

 

Total Adjusted Gross Receipts

Total State Wagering Tax

Total Detroit Wagering Tax

January

$114,185,164.38

$9,248,998.32

$12,446,182.92

February

$128,926,623.88

$10,443,056.60

$14,053,002.00

March

$135,327,240.15

$10,961,506.45

$14,750,669.18

April

$123,345,117.82

$9,990,954.54

$13,444,617.84

May

$118,404,323.25

$9,590,750.18

$12,906,071.23

June

$111,491,700.09

$9,030,827.71

$12,152,595.31

July

$112,003,165.02

$9,072,256.37

$12,208,344.99

August

$116,927,170.60

$9,471,100.82

$12,745,061.60

September

$114,076,340.96

$9,240,183.62

$12,434,321.16

Total

$1,074,686,846.15

$87,049,634.54

$117,140,866.23

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 September 2012 were 45%, 31%, and 24% respectfully.

The figures released by the Michigan Gaming Control 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, service providers or vendors; and 4) other normal business expenses.

 

Upcoming Events

Casino Job Board

Official Publications

 

RMC Legal

Visit our other website below: