Trending...
- Lick Personal Oils Introduces the Ultimate Valentine's Day Gift Collection for Romantic, Thoughtful Gifting - 141
- Walmart $WMT and COSTCO.COM $COST Distribution as SonicShieldX™ Platform Sets the Stage for Accelerated Growth in 2026: AXIL Brands (N Y S E: AXIL) - 125
- IQSTEL Enters 2026 from a Position of Strength Following Transformational Year Marked by N A S D A Q Uplisting, Record Revenue and First-Ever - 108
Contact: Mary Kay Bean 313-456-1344
Detroit, Oct. 8, 2019 - The Detroit casinos' year-to-date aggregate revenue of $1.09 billion was 0.3 percent higher than for the first nine months of last year. September aggregate revenue of $112.3 million was down 2.5 percent from September 2018 revenue and 6.3 percent lower than August 2019 results.
September results
Motor City and Greektown casinos recorded revenue gains in September compared with September 2018 results, but MGM Grand Detroit's monthly results were lower than a year earlier. Greektown monthly aggregate revenue rose 0.7 percent to $26.9 million, and MotorCity results were up by 0.1 percent to $38.9 million. MGM results fell 6.4 percent to $46.5 million.
More on Michimich.com
September market shares were:
During September, the three Detroit casinos paid $9.1 million in gaming taxes to the state of Michigan compared with $9.3 million during the same month last year.
The three Detroit casinos reported making $13.8 million in wagering tax and development agreement payments to the city of Detroit during September.
Third quarter revenue results
MotorCity Casino recorded a slight revenue increase while quarterly revenues fell at the other locations, resulting in a 1.1 percent overall decline compared with third quarter 2018 numbers:
"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."
Detroit, Oct. 8, 2019 - The Detroit casinos' year-to-date aggregate revenue of $1.09 billion was 0.3 percent higher than for the first nine months of last year. September aggregate revenue of $112.3 million was down 2.5 percent from September 2018 revenue and 6.3 percent lower than August 2019 results.
September results
Motor City and Greektown casinos recorded revenue gains in September compared with September 2018 results, but MGM Grand Detroit's monthly results were lower than a year earlier. Greektown monthly aggregate revenue rose 0.7 percent to $26.9 million, and MotorCity results were up by 0.1 percent to $38.9 million. MGM results fell 6.4 percent to $46.5 million.
More on Michimich.com
- GLBC Apps Launches LYNX — a Fast, Visual Tool for Symbolic Regression on Real-World Data
- FrostSkin Launches Kickstarter Campaign for Patent-Pending Instant-Chill Water Purification Bottle
- The New Monaco of the South (of Italy)
- Churchill Systems Inc. Enhances Flagship Forecaster to Target Retail's Promotion Blindspot
- Lick Personal Oils Introduces the Ultimate Valentine's Day Gift Collection for Romantic, Thoughtful Gifting
September market shares were:
- MGM, 41 percent
- MotorCity, 35 percent,
- Greektown, 24 percent
During September, the three Detroit casinos paid $9.1 million in gaming taxes to the state of Michigan compared with $9.3 million during the same month last year.
The three Detroit casinos reported making $13.8 million in wagering tax and development agreement payments to the city of Detroit during September.
Third quarter revenue results
MotorCity Casino recorded a slight revenue increase while quarterly revenues fell at the other locations, resulting in a 1.1 percent overall decline compared with third quarter 2018 numbers:
- MGM: $151.2 million, down 1.3 percent
- MotorCity: $119.6 million, up 0.3 percent
- Greektown: $80.3 million, down 2.6 percent
"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."
0 Comments
Latest on Michimich.com
- Patient Prevents Back and Disc Surgery At Macomb Township Chiropractic
- Macomb Township Chiropractic Helps Patient With TMJ Jaw Pain
- Are You Hiring The Right Heater Repair Company in Philly?
- Appliance EMT Expands Professional Appliance Repair Services to Hartford, Connecticut
- Java Holdings LLC Acquires +Peptide, Expanding Portfolio Across Coffee, Science, and Functional Nutrition
- OneSolution® Expands to Orlando with New Altamonte Springs Implant Center
- PSED Law Announces Merger With Suzanne R. Fanning, PLLC, Expanding Its Estate Planning Practice
- Indian Peaks Veterinary Hospital Launches Updated Dental Services Page for Boulder Pet Owners
- Dugan Air Donates $10,000 to Indian Creek Schools
- Robert DeMaio, Phinge Founder & CEO, Ranked #1 Globally on Crunchbase, Continues to Convert Previous Debt Owed to Him by Phinge into Convertible Notes
- 2025: A Turning Point for Human Rights. CCHR Demands End to Coercive Psychiatry
- The 22% Tax Reality: Finland's New Gambling Law Creates a "Fiscal Trap" for Grey Market Casino Players
- Holiday Comedy A Boyfriend For Christmas Wins Over Audiences with Laughs, Heart — and a Twist
- Phinge Founder & CEO Robert DeMaio Ranked #1 Globally on Crunchbase, Continues to Convert Previous Debt Owed to Him by Phinge into Convertible Notes
- Donna Cardellino Manager/Facilitator Signs Justin Jeansonne Country Singer-Songwriter To Exclusive Management Deal For Global Music Expansion
- Golden Paper Launches a New Chapter in Its Americas Strategy- EXPOPRINT Latin America 2026 in Brazil
- UK Financial Ltd Executes Compliance Tasks Ahead Of First-Ever ERC-3643 Exchange-Traded Token, SMCAT & Sets Date For Online Investor Governance Vote
- TheOneLofi2: New Home for Chill Lo-Fi Hip Hop Beats Launches on YouTube
- eJoule Inc Participates in Silicon Dragon CES 2026
- HBZBZL Unveils "Intelligent Ecosystem" Strategy: Integrating AI Analytics with Web3 Incubation