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MGM Grand leads as Detroit casino revenues climb - The Detroit News

Tuesday, 12 October 2010 14:43 administrator
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Jaclyn Trop / The Detroit News

Detroits three casinos saw September revenues jump 5.6 percent, continuing their financial

improvement after suffering last year their first revenue fall.

The trios quarterly revenues rose 3.2 percent through Sept. 30 compared with the same period last year.

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Detroits largest casino reaped the biggest gain compared with September 2009. MGM Grand Detroit, which has 43 percent of the market, saw revenues rise 11 percent to $46.5 million.

MotorCity Casino, with 31 percent of the market, saw a 3.9 percent bump to $34.8 million.

The citys smallest casino didnt share in the improvement. Revenues at Greektown Casino fell 0.3 percent to $28.1 million.

The casinos paid $8 million in taxes, $1.5 million less than a year ago because of Greektown Casinos tax rollback.

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Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEbteKsUHO6grTcz8QkcR3wVe5u5w&url=http://www.detnews.com/article/20101012/BIZ/10120403/1001/MGM-Grand-leads-as-Detroit-casino-revenues-climb

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