10.08.08
September revenue up at MGM Grand Detroit, down at other two casinos
Nathan Hurst / The Detroit New
DETROIT -- The city's three casinos collected 4.6 percent more revenue this September than last, though only one gambling hall -- MGM Grand Detroit -- saw individual gains.
That's according to the latest figures released Wednesday by the Michigan Gaming Control Board, the state's regulatory agency.
-- MGM Grand Detroit collected $44.8 million last month, up 26.98 percent from September 2007.
-- The Ilitch-owned MotorCity Casino brought in $36.11 million in September, down 9.46 percent from last year.
-- Greektown Casino, which filed for bankruptcy in late May, took in $25.22 million last month, down 4.15 percent from September 2007.
Detroit's casinos collected $106.13 million last month, up from $101.47 in September 2007.
Though revenue was up, the state collected less in taxes -- $9.6 million this September versus $12.3 last year -- because of scheduled tax rollbacks at MGM Grand and MotorCity related to the opening of those two companies' permanent casinos and hotels.
Greektown, the city's smallest casino, will have its permanent facility fully open by early next year.
Find this article at: http://www.detnews.com/apps/pbcs.dll/article?AID=/20081008/ENT08/810080439
Find this article at: http://www.detnews.com/apps/pbcs.dll/article?AID=/20081008/ENT08/810080439
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