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Tuesday, March 20, 2012

Michigan Gaming Revenues Improve in 2011

At the beginning of the year, the Michigan Gaming Control Board (MGCB) released the December 2011 and the 2011 annual revenue and wagering tax data for the three Detroit, Mich., commercial casinos.

The total annual revenue for the casinos increased nearly 3.4% in 2011 relative to 2010. This continues an upward trend from previous years. In December 2011, the casinos posted a 10% increase in gaming revenues compared to the same month in 2010.

MGM Grand Detroit posted a 6.5% increase from 2010 with MotorCity Casino and Greektown Casino posting a 5.1% and 24.5% increases from 2010, respectively. MGM Grand Detroit continues to maintain the largest market share among the three Detroit commercial casinos with a total gaming revenue in December 2011 of slightly less than $52.3 million.