Michigan: Detroit casinos' quarterly, March aggregate revenues fall as COVID-19 halts gaming
Michimich.com/10056104

Contact: Mary Kay Bean 313-456-1344

Detroit, April 7, 2020 — The three Detroit casinos reported $299.2 million in first-quarter 2020 aggregate revenue, falling 18.5 percent below first quarter 2019 results. March aggregate revenue at $57.4 million was off 59.1 percent compared with March 2019 results. The casinos were ordered by the State of Michigan to reduce crowd size through social distancing on Friday, March 13, and to close completely at 3 p.m. Monday, March 16, to slow the spread of COVID-19.

All three casinos remain closed until 11:59 p.m. Monday, April 13, after Gov. Gretchen Whitmer issued an executive order on the use of public assemblage places prompted by COVID-19-related public health concerns. The casinos had operated using social distancing plans from the evening of Friday, March 13, until the March 16 mid-afternoon closures.

More on Michimich.com

• Nutriband (N A S D A Q: NTRB): Fighting Back Against the Fentanyl Crisis With a New Approach to Safer Transdermal Medicines
• Oral statement on the situation of Chairman Lee Man-hee in pretrial detention in the Republic of Korea
• ESPEC North America Welcomes Zeke Fuentes as Regional Sales Manager - East Coast
• Michigan Walk and Roll to School Day
• Motor City Half Marathon to Make Inaugural Detroit Debut in Spring 2027

Quarterly and March results detail compared with same periods in 2019

Casino	Q1 2020 Revenue (in millions)	Q1 2019 Comparison (+ or -)	Monthly Revenue (in millions)	2019 Comparison (+ or -)	March Market Share
MGM Grand Detroit	$126.5	- 19.7%	$23.9	- 59.6%	42%
MotorCity Casino	$102.6	- 18.0%	$20.3	- 58.7%	35%
Greektown Casino	$70.1	- 16.7%	$13.2	- 58.7%	23%

March casino gaming taxes

For the month ended March 31, the three Detroit casinos paid $4.7 million in gaming taxes to the State of Michigan compared with $11.4 million paid in March 2019.

The three Detroit casinos reported submitting $6.8 million in wagering taxes and development agreement payments to the City of Detroit during March.

More on Michimich.com

• Names Are Not Important Asks What Remains When Identity Is Stripped of Labels
• Most Utah Deaths Never Reach the Medical Examiner. Postmortem Pathology Offers Salt Lake City a Private Autopsy Option
• Virtually Tour Heritage at South Brunswick's Resort-Style Living - Experience Indoor and Outdoor Amenities at Your Fingertips
• Derek Cook's Roofing Encourages Homeowners to Prepare for Fall Weather
• Boston Industrial Solutions Expands Product Offering with Pad Printing Pads and Silicone for Custom Pad Manufacturing

Retail sports betting results

The three casinos reported retail sports betting qualified adjusted gross receipts of $105,548 between the March 11 launch date and March 16 when the casinos were ordered to close. Sports leagues began cancelling games and events March 12 because of public health concerns caused by COVID-19.

Qualified adjusted gross receipts reported by location were:

• MGM Grand Detroit, $84,695
  
  
• MotorCity Casino, $4,949
  
  
• Greektown Casino, $15,904
  
  

The casinos paid $3,990 in State of Michigan retail sports betting taxes and reported submitting to the City of Detroit $4,876 in retail sports betting taxes.

"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."

---

Show All News | Disclaimer | Report Violation