The Verifiable Truth: MGM Grand gets tax break; MotorCity Casino has 3.7 percent decline in revenues

Monday, December 17, 2007

MGM Grand gets tax break; MotorCity Casino has 3.7 percent decline in revenues

12.17.07

MGM Grand gets tax cut; casinos announce revenue

The tax rate MGM Grand Detroit L.L.C. pays to the state and city of Detroit has rolled back to 19 percent from 24 percent now that its permanent casino and hotel are fully operational.

Casino revenue was up 14.8 percent to $46.8 million in November, compared with November 2006. By comparison, MotorCity Casino showed a 3.7 percent decline to $38.3 million, and Greektown Casino L.L.C. reported a 1.3 percent increase to $28.1 million.

MGCB: 2007 Casino Revenues

No comments:

TVT has welcomed more than 178,000 unique vistors

TVT, founded in December 2006, has averaged more than 20,000 visitors annually. It is produced with the support of scores of individuals from coast-to-coast, each a volunteer citizen activist/jounalist, who review tips and compile the verifiable details and documents that are the hallmark of our content.

Since our first post, more than 178,000 visitors have accessed the details compiled uniquely at TVT.

The citizen activists behind TVT wish to extened a big "THANK YOU" to all those who have provided "tips" -- contributed pictures, documents, link suggestions, leads, reports, insight and comments. Your trust and confidence in TVT has allowed us to create a comprehensive resource that thousands of others -- including bloggers, journalists, Members of Congress and other local citizen activists around the country -- have come to rely upon.

We invite feedback and constructive comment and want you to know you are welcome to do that here in "comments" or by contacting us directly and confidentially via allverifiable@gmail.com

The Verifiable Truth

Monday, December 17, 2007

MGM Grand gets tax break; MotorCity Casino has 3.7 percent decline in revenues

No comments:

TVT has welcomed more than 178,000 unique vistors

Google News: Indian Gaming

NEWS: Bay Mills Indian Community & Casino Proposals

NEWS: Shinnecock Indian Nation (Gateway Casino Resorts) Casino Proposals

NY Times: Shinnecock Indian Nation

NEWS: Los Coyotes Indian Tribe

NEWS: Los Coyotes / Barwest Barstow Casino Proposals

NEWS: Michael J. Malik, Sr.

NEWS: Marian Ilitch

Muckety.com: Mapping Social Networks

certainly must reads!

NIGC Reading Room Links

The Verifiable Truth