HomePublicationsNewsletter ArchiveNewslettersVolume 18Issue 14Michigan Gaming Control Board Releases Detroit Casino Revenues for April, 2012

The Michigan Gaming Control Board (“MGCB” or “Board”) released the April, 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 down 1.6% in April, 2012 from the same reporting period last year.  Specifically, revenue for MGM Grand Detroit Casino and MotorCity Casino was down by 0.1%, and 5.2%, respectively while revenue for Greektown Casino was up 0.7% during April, 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

Total

$210,620,078.34

$162,525,202.85

$128,638,865.05

 

 

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

Total

$501,784,146.23

$40,644,515.84

$54,694,471.94

 

The market shares for MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino for the month of April, 2012 were 42%, 32% and 26%, respectively.

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 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.

 

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