International edition
April 24, 2019

Combined aggregate revenue climbs 1.9 percent in Q1

Detroit's casinos revenue up 22.5 percent in March from prior month

Detroit's casinos revenue up 22.5 percent in March from prior month
MGM reported record high monthly revenue in March, which grew 1.9 percent to $59.2 million. Greektown revenue rose 2.6 percent to $32 million, while MotorCity posted a 0.3 percent drop.
United States | 04/15/2019

Revenue for MotorCity Casino Hotel, Greektown Casino-Hotel and MGM Grand Detroit climbed 1.3 percent in March compared to a year earlier. For the first quarter, MGM Grand Detroit led with a 3.9 percent increase in revenue at USD 157.6 million and had the highest market share at 42 percent. The three casinos paid USD 11.4 million in gaming taxes to the state and USD 16.7 million in wagering taxes and development agreement payments to the city.

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etroit's three casinos reported a combined record $140.3 million in total aggregate revenue in March, the Michigan Gaming Control Board said in a news release. First quarter combined aggregate revenue of $367 million was a 1.9 percent increase from the same period last year. The previous monthly revenue record was $138.6 million set in March 2018.

Revenue for MotorCity Casino Hotel, Greektown Casino-Hotel and MGM Grand Detroit climbed 1.3 percent in March compared to a year earlier, while revenue jumped 22.5 percent from February.

In February, Detroit's three casinos saw a 4.1 percent boost in aggregate revenue to a total of $114.6 million.

MGM reported record high monthly revenue in March, which grew 1.9 percent to $59.2 million. Greektown revenue rose 2.6 percent to $32 million, while MotorCity posted a 0.3 percent drop with $49.1 million in revenue, the release said.

MotorCity set a record for monthly revenue in March 2018 at $49.3 million. Greektown reported its highest ever monthly revenue of $34.7 million in March 2013. The casinos opened in 1999 and 2000.

MGM had the highest market share at 42 percent, followed by MotorCity at 35 percent and Greektown at 23 percent, according to the release. Together the three casinos paid $11.4 million in gaming taxes to the state in March, and $16.7 million in wagering taxes and development agreement payments to the city.

For the quarter, MGM Grand Detroit led with a 3.9 percent increase in revenue at $157.6 million. Greektown revenue at $84.2 million was up 1.5 percent. MotorCity's quarterly revenue of $125.2 million was down 0.3 percent compared with last year.

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