Detroit casino revenues up 7.9% in August

Ian Thibodeau
The Detroit News

Even though revenue at one of the three Detroit casinos in August was down compared to the same month a year ago, the casinos’ aggregate revenue was up during that time period, according to numbers released Tuesday by the Michigan Gaming Control Board.

Revenue totaled $115.8 million at MGM, MotorCity and Greektown casinos last month, up 7.9 percent compared to August 2015.

MGM saw the biggest increase compared to a year ago, with revenue climbing 17.9 percent to $51.3 million. MotorCity Casino revenue increased by 2 percent to $37.8 million. Revenue at Greektown fell by 0.3 percent to $26.7 million.

The casinos’ year-to-date revenue was 1.4 percent higher than the first eight months of 2015.

MGM had 44 percent of the market share in August. MotorCity had 33 percent, and Greektown had 23 percent.

The casinos paid $9.4 million in gaming taxes to the state, up from $8.7 million in August 2015.

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Twitter: @Ian_Thibodeau