Detroit's Casino Revenue Surpasses 2016 by 1.4 Percent
In a press release made by the Michigan Gaming Control Board on Tuesday 12th, Detroit's three casinos were announced to have escalated their aggregate monthly revenue from October to November by 0.4 percent as well as in a year-over-year comparison, in which the raise was 1.4 percent against 2016.
MGM Grand Detroit, MotorCity Casino Hotel and Greektown Casino-Hotel reported aggregate revenue of $113.1 million in November. Moreover, its aggregate revenue in the first 11 months of this year was up 1.2 percent compared to the first 11 months of 2016.
November revenue rose 2.7 percent to $38.2 million at MotorCity, 0.8 percent to $48.6 million at MGM and 0.7 percent to $26.3 million at Greektown.
As regards their percetage in the share market, MGM had 43 percent shares, followed by MotorCity at 34 percent and Greektown at 23 percent, the report added.
The casinos paid $9.2 million in gaming taxes to the state in November -compared with $9 million a year ago-, and about $18.3 million in wagering taxes and development agreement payments returned to the city of Detroit, the report said.
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