By Matt Helms
Aggregate revenue at Detroit’s three casinos was up 1.9% to $115 million in August compared to the same month in 2010, according to figures the Michigan Gaming Control Board released this morning.
Year-over-year revenue at MGM Grand Detroit was up 3.2% to $49.6 million in August; revenue also was up 8.5% to $38 million for the same period at MotorCity Casino Hotel. Greektown Casino Hotel, however, was down 8.1% to $27.5 million, gaming board figures show.
Aggregate revenue for the casinos for the three-month period ending in August was $348 million, up 2% compared to 2010. Three-month revenues increased 2.3% to $148 million at MGM Grand and 5.2% to $115 million at MotorCity but declined 2.4% to $85 million at Greektown, the gaming board said.
Market share was 43% for MGM Grand, 33% for MotorCity and 24% for Greektown. The casinos paid $9.3 million in gaming taxes in August.
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