Monday, March 31, 2008

February 2008 Revenues for Detroit Casinos

MGM Grand Detroit: $47 million in February 2008, up 27.9% from February 2007.

MotorCity: $38.3 million in February 2008, down 2.25% from February 2007.

Greektown: $27 million in February 2008, down 6.89% from February 2007.

It should be noted that 2008 is a leap year, so revenues would be up 3.5% even if daily revenue remained constant. Put another way, MotorCity was actually down closer to 5% on a comparable day basis, and Greektown was down closer to 10%. Not a good showing at all.

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