evolutiongaming.gif
evolutiongaming.gif
evolutiongaming.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2017 AffiliateCon
NEWS 11 October 2018
Detroit casinos generate $355m in revenue during Q3
By Matthew Enderby

Detroit’s three casinos reported aggregate revenue of $355m for Q3 this year, an increase of 3% for year-on-year figures.

However, while September aggregate revenue of $115.2 million saw 1% year-on-year growth, it was a 4% fall from August’s monthly revenue of $120.5 million. 

The MGM Grand Detroit took the largest share of Q3 revenue, seeing a 4% increase in year-on-year results to $153.2m.

MotorCity received $119.3m, a 2% growth. With the a 4% growth rate but third in total Q3 listings, Greektown generated revenue of $82.5m.

In September, MGM Grand Detroit took $49.7m and saw growth of 4% compared to 2017. MotorCity rose 1% in revenue and took $38.8m for the month, while Greektown saw a drop off in year-on-year figures. The casino recorded revenue of $26.7m, a decrease of 1.8%.

For the first nine months of 2018, Detroit casinos recorded $1.08 billion in aggregate revenue. This was a 2.3% increase compared with year-on-year results.

While the year-on-year figures make for positive reading, the three casinos reported a decrease in revenue when compared with August. $120.5m was the aggregate revenue for August this year, and September took $115.2m, a 4% drop.

The casinos also reported a total of $9.3m in gaming tax for September, an increase from last year’s total of $9.2m.  

RELATED TAGS: Land-Based | Financial | Poker | Casino
DISCUSS THIS ARTICLE
IN-DEPTH 15 October 2018
The road to and from sports betting in the US
Nicholas G. Colon, long time veteran of the casino gaming industry, explains why those who were optimistic about the recent PASPA ruling are now reaping the rewards, and those who were not are playing a difficult game
READ MORE
PREMIUM CONNECTIONS