Detroit Casinos’ November Revenues Decrease from Same Month Last Year

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The Michigan Gaming Control Board (“MGCB”) released the revenue and wagering tax data for November 2013 for the three Detroit, Michigan commercial casinos. The three Detroit commercial casinos posted a collective 0.9% decrease in gaming revenues compared to the same month in 2012. Aggregate gross gaming revenue for the Detroit commercial casinos in November increased by 5.2%, however, compared to October 2013, continuing a trend of increase between October and November in prior years.

MGM Grand Detroit posted lower gaming revenue results for November 2013 as compared to the same month in 2012, with gaming revenue decreasing by 2.9%. MGM Grand Detroit continued to maintain the largest market share among the three Detroit commercial casinos and had total gaming revenue in November 2013 of approximately $46.4 million.

MotorCity Casino had monthly gaming revenue exceeding $39.5 million, with revenues increasing by more than 2.7% in November 2013 compared to November 2012. Greektown Casino had monthly gaming revenue approaching $25.9 million and posted a 2.6% decrease in revenues for November 2013 compared to the same month in 2012.