Strong 2019 Performance For Detroit Commercial Casinos

The three Detroit commercial casinos outperformed each previous year in 2019 with a combined total adjusted gross revenue of $1,454bn over the 12 months. The tally is over $10 m higher than the previous record $1.444bn revenue set in 2018.

Since the casinos opened in 1999, MGM Grand Detroit and MotorCity Casino both reported their highest annual adjusted gross revenue figures. The former recorded annual revenue of $623.5 m compared to $619.2 m in 2018, which was their previous record year for revenue. It was a year-over-year increase of 0.7 per cent.

MotorCity’s annual revenue of $493.6 m also outperformed its former record of $489.7 m set in 2018. It was an increase of 0.8 per cent year-on-year.

Elsewhere, Greektown Casino posted $337.2 million in adjusted gross sales in 2019, falling short of the casino’s all-time record of $352.8 million in revenue in 2011. Compared to 2018, full-year sales in 2019 rose by 0.6 percent year-on-year.

The business breakdown for the full year 2019 reveals that MGM Grand Detroit had 43%, led by MotorCity Casino with 34% and Greektown with 23%.

Michigan gained from the tune of $117.8 m in gaming taxes in 2019 compared to $117 m in 2018 in terms of the State’s share of that income. In December, the three casinos paid the state $10.4 million in gaming taxes compared to $10.3 million in December 2018.

Throughout 2019, the trio reported making $184.2 m in wagering taxes and payments to the city of Detroit for development agreements. The share of the city was $16.2 m in December.