June 14, 2019 Volume 25, Issue 17 For more information on Michigan’s gaming industry, please visit www.michigangaming.com Editor in Chief David D. Waddell, Esq. Phone: 517.507.3859
[email protected] Senior Gaming Analyst & Editor Robert R. Russell, II Phone: 517.507.3858 MICHIGAN GAMING CONTROL BOARD RELEASES
[email protected] DETROIT CASINO REVENUES & WAGERING TAXES FOR Reporter and Associate Editor MAY 2019 J.J. Burchman, Esq. Phone: 517.999.5414 In a press release dated June 11, 2019, the Michigan Gaming Control Board
[email protected] (“MGCB” or “Board”) released the May 2019 revenue figures for the three Detroit casinos – MGM Grand Detroit Casino, MotorCity Casino and Reporter and Junior Editor Greektown Casino. The MGCB also announced the fourth consecutive month Julie Williams of growth for Detroit casinos in 2019. Phone: 517.507.3861
[email protected] The three Detroit casinos reported $125.7 million in aggregate revenue for May 2019, a 0.9% increase from the same month last year. The results were 0.6% above the monthly revenue in April 2019. Year-to-date aggregate revenue was 1.5% higher than in the first five months of 2018. Please see the linked State of Michigan official financial report. Subscription information:
[email protected] Revenue increased at MGM by 0.1% to $54.4 million. MotorCity recorded a revenue increase of 0.9% to $41.9 million. Greektown revenue increased by 2.4% to $29.4 million compared with May 2018 results. A publication of The May 2019 market shares for MGM Grand Detroit, MotorCity Casino and RMC Ventures, LLC Greektown Casino were 43%, 33% and 24% respectively.