The Verifiable Truth: Detroit Casino Revnues drop in September

Sunday, October 12, 2008

Detroit Casino Revnues drop in September

10.10.08

Sept. revenue down for all 3 Detroit casinos

Detroit’s three casinos collectively reported their lowest total monthly revenue for 2008 at $106.1 million for September, according to the latest report from the Michigan Gaming Control Board.

The total was the worst since $110 million in June.

All three casinos showed revenue declines from August, with MGM Grand Detroit Casino dropping from $50 million to $45 million for the month.

MotorCity Casino followed closely at $36 million, down from August’s $41 million.

Greektown Casino L.L.C. had the smallest decline, to $25 million from $27 million in August.

The state collected $9.6 million in wagering taxes for the month, the least collected since June’s $9.8 million.

Revenue is the amount casinos keep from the money wagered, after paying winners but before paying wages, taxes, utilities and other expenses.

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Sunday, October 12, 2008

Detroit Casino Revnues drop in September

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TVT has welcomed more than 178,000 unique vistors

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