Tuesday, December 11, 2007

November Detroit Revenues: MGM Falls Back To Earth; Parking Helps Greektown; MotorCity Treads Water

The November revenue report is now out for the three Detroit casinos.

MGM Grand Detroit fell back to earth a bit from its gargantuan October numbers. MGM's November revenue was $46.8 million, down from $54.9 million in October, but still up $6 million from November 2006.

Greektown's new parking structure was only open for half of the month, but it still led to an approximately 10% increase in monthly revenues, to $28.1 million from $25.6 million in October.

MotorCity, which opened its hotel at the tail end of November, essentially stayed static, with its revenues at $38.3 million, compared to $37.7 million in October.

No comments: