Trending...
- Roofman USA Expands Roofing Services Across Michigan, Adding Key Locations - 166
- Unicorp and BH Group Select Chasing Creative—Palm Coast Agency—to Lead Growth Marketing for The Ritz-Carlton Residences, Hammock Dunes - 158
- Green Office Partner Named #1 Best Place to Work in Chicago by Crain's for 2025 - 151
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
- Agemin Unveils Breakthrough AI Model for Biometric Age Estimation, Setting New Standards in Online Child Safety
- Strategic Partnerships with Defiant Space Corp and Emtel Energy USA Powerfully Enhance Solar Tech Leader with NASA Agreements: Ascent Solar $ASTI
- 120% Revenue Surge with Four Straight Profitable Quarters Signal a Breakout in the Multi-Billion Dollar Homebuilding Market: Innovative Designs $IVDN
- Leading Venture Capital Firms Recognize Wzzph Exchange's Technical Architecture and Security Framework as Industry Benchmark
- DivX Unveils Major DivX Software Update: Seamless Video Sharing and Customizable Playback Now Available
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
- Broadway Gala Honored Also an Italian
- $ONI Listed on MEXC as ONINO Powers Europe's Tokenization Engine Into Public Platform Launch
- AZETHIO Crypto Exchange Whitepaper Reveals MPC-Secured Infrastructure Processing 1.2 Million Transactions Per Second
- CELOXFI Platform Demonstrates Advanced Security Architecture and Regulatory Framework
- Work 365 Launches PV 3.0: The Keystone Power App for Microsoft CSPs
- Local consultant shows small businesses how to turn red tape into real money
- Nora Knople Honored as a Leader and Innovator in Hypnosis
- Tour Napa Like a Local: Vines of Napa Valley Wine Passport AKA Vine Pass Unlocks Hidden Gems
- Dental Surgical Center Accepts Sedation Patients with Medicaid for MD, WV, PA and DC
- Sloan's Lake Dental Launches New Website to Enhance Patient Experience and Access to Modern Dental Care
- Only 3 Weeks Left till the Start of the OpenSSL Conference 2025
- Comerica Incorporated Names Kristina Janssens Senior Executive Vice President and Chief Risk Officer
- ENTOUCH Completes $50 million Funding Round
- Teaming Agreement with Emtel Energy USA to Advance Thin-Film PV Energy Storage Capabilities; NASA agreements for Solar Space Tech; Ascent Solar $ASTI
- Nebuvex Acknowledges Platform "Too Secure" for Anonymous Traders; Institutional Investors Disagree
- From Tokyo to Berlin: FreeTo.Chat Unites Cultures with the World's First Confession VRX — EmojiStream™
- AZETHIO Launches Multi-Million Dollar User Protection Initiative Following Unprecedented Platform Growth
- Matecrypt Observes South American Cryptocurrency Adoption Surge Amid Economic Shifts
- Assent Uncovers Over 695 Unique PFAS Across Global Supply Chains as Regulations Increase
- Cryptocurrency Quarterly Trading Volume Surpasses $15 Trillion Record High as BrazilNex Acknowledges Industry 'Growing Pains' Amid Market Speculation