Flat July for Detroit’s trio of Industrial casinos

The trio of commercial casinos in the city of Detroit needed a rather flat July after recording just a 0.3% rise year-on-year in aggregated monthly revenues to $119.3 million together with the similar increase since the beginning of 2018 standing at a paltry 1.7%.

Slight combined month-on-month improvement:

Based on official statistics in the Michigan Gaming Control Board, the July figure represented a 0.2percent rise when compared to the prior month as the June aggregated revenue overall hit $119.1 million and took the combined second-quarter calculate to $367.9 million.

Pair record slim July progress:

The Michigan gaming regulator detailed that Greektown Casino Hotel saw its revenues for July progress by 1.8% $27.8 million although the place owned by local company Jack Entertainment managed to rack up a local market share of just 23%.

The similarly-sized MotorCity Casino Hotel didn’t have as favorable a month together with the figures in the Michigan Gaming Control Board showing July revenues of $40.6 million. This figure represented an advance of just 0.3% although the property owned by Ilitch Holdings Incorporated did manage to increase its regional market share by one percentage point from June to 34 percent.

Comparable alteration for MGM Grand Detroit:

The figures in the Michigan Gaming Control Board showed that town ’s earliest and most rewarding casino, MGM Resorts International’s MGM Grand Detroit, saw its revenues for July fall by 0.5% year-on-year to $50.9 million with its regional market share status at 43%.

Faintly higher tax invoice:

Finally, the regulator detailed that July had seen the three Wayne County casinos pay $9.7 million in state taxation, which had been $100,000 more compared to the same interval in 2017, while they had handed over some $14.2 million to the city in order to honor pre-tax wagering and development arrangements.