Monday, November 19, 2007

MGM Grand Detroit Revenues Up 38.4% In October 2007


The move from the temporary MGM Grand casino to the permanent MGM Grand Detroit Casino caused revenues to increase 38.4% when comparing October 2007 to October 2006. Revenues for October 2007 totaled $54.9 million. The increase was achieved even though the casino was shut down for 2 days to effectuate the move from the temporary casino to the permanent casino.

However, the increases experienced by MGM Grand Detroit were not shared by either Greektown Casino, where revenues decreased by 1% to $25.6 Million (likely caused by hotel and road construction headaches at the casino), or by MotorCity Casino, where revenues increased only 1% to $37.7 Million.

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