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Thursday, April 5, 2012

Detroit Casinos' February Revenues Increase From Last Year

By Ryan M. Shannon

The Michigan Gaming Control Board recently released the revenue and wagering tax data for February 2012 for the three Detroit, Michigan commercial casinos. The three Detroit casinos posted a collective 12.6% increase in gaming revenues compared to the same month in 2011.

MGM Grand Detroit posted positive gaming revenue results for February 2012 as compared to the same month in 2011, with gaming revenue increasing by slightly more than 13.9%. MGM Grand Detroit continued to maintain the largest market share among the three Detroit casinos and had total gaming revenue in February 2012 of approximately $53.4 million.

MotorCity Casino has monthly gaming revenue approaching $43 million and posted an 11.2% improvement in February 2012 over its February 2011 revenues. Greektown had gaming revenue of over $32.5 million, which is a 12.3% improvement over its February 2011 revenues.