November casino revenue down from last year
By Robert Ankeny
Combined revenue for Detroit’s three commercial casinos was down 6.74 percent for November compared with the same month last year, the Michigan Gaming Control Board reported Wednesday.
MGM Grand Detroit L.L.C. was off 0.69 percent. MotorCity Casino, owned by Detroit Entertainment L.L.C., was down almost 7.1 percent and Greektown Casino L.L.C. was down almost 16.4 percent, the control board’s report showed.
Year-to-date revenue for the first 11 months of 2008 was more than $1.25 billion, up $33.7 million or 2.8 percent over 2007. That was due to MGM’s total of more than $46.4 million, 14.1 percent ahead of 2007.
Both MotorCity and Greektown trail their 11-month revenue totals for 2007, by 2.4 percent and 6.9 percent respectively.
Gaming market shares in Detroit for November 2008 show MGM with 44 percent, MotorCity with 34 percent and Greektown at 22 percent.