MGM Grand gambling revenue jumps in June
By Robert Ankeny
MGM Grand Detroit Casino L.L.C. reported gambling revenue of almost $48.7 million for June 2008, up more than 26.2 percent over the same month last year.
The increase kept total revenue for the three Detroit casinos within one percent of June 2007 revenue, as MotorCity Casino, operated by Detroit Entertainment L.L.C., and Greektown Casino L.L.C. reported declines of 10 percent and 18.5 percent respectively, the Michigan Gaming Control Board reported Friday.
MotorCity reported revenue of $38.1 million and Greektown $23.2 million for June 2008.
Casino revenue is the portion of money gambled that the casinos keep after paying winners but before paying taxes, utilities, wages and other expenses.