You are here

Detroit casinos report slight year-over-year aggregate revenue decline in July

Detroit casinos report slight year-over-year aggregate revenue decline in July

Mary Kay Bean 313-456-1344

Detroit, Aug. 14, 2019 - The Detroit casinos reported July aggregate revenue of $119 million, which fell a fractional 0.3 percent below July 2018 results but was 1.3 percent higher than June 2019 aggregate revenue. Year-to-date aggregate revenue of $854 million is a fractional 0.8 percent higher than January through July 2018 aggregate revenue.

MGM Grand recorded a 1.5 percent increase over July 2018 results with monthly aggregate revenue of $51.7 million. MotorCity Casino earned $40.7 million in aggregate revenue for a fractional 0.3 percent increase over the same month last year. Greektown reported a 4.3 percent year-over-year decline for July with $26.6 million in revenue.

The July market shares were:

MGM Grand Detroit, 44 percent

MotorCity Casino, 34 percent

Greektown Casino, 22 percent

The three Detroit casinos paid $9.64 million in state gaming taxes during July compared with $9.67 million paid during July 2018.

The three Detroit casinos reported submitting $14.2 million in wagering taxes and development agreement payments to the City of Detroit during July 2019.

"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."