Detroit casino revenues and wagering taxes reported for April 2016

Detroit casino revenues and wagering taxes reported for April 2016

Mary Kay Bean 313-456-1344

Detroit - The three Detroit casinos’ aggregate revenue was 1.5 percent higher in April compared with the same month last year but fell 2.1 percent from March results. Year-to-date aggregate revenue was up 0.6 percent for the three casinos compared with the same period last year.

MotorCity’s monthly revenue rose 4.5 percent to $42.3 million, and Greektown’s April revenue was up 4.9 percent to $29.5 million. MGM’s revenue fell 2.7 percent to $50.5 million during April. All monthly results are compared with April 2015 revenue.

The monthly market shares were:

MGM: 41 percent

MotorCity: 35 percent

Greektown: 24 percent

The three Detroit casinos paid the State of Michigan $9.9 million in gaming taxes during April compared with $9.8 million for the same month last year.

The three casinos reported submitting $14.6 million in wagering taxes and development agreement payments to the City of Detroit during April.

"The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the State of Michigan."