Casinos in Detroit show revenue increase
According to the report of
Michigan regulators, the three licensed
casinos in Detroit took over
$1.3 billion last year. This amounts to 6.1% increase for the
year. The wagering tax for Michigan, which is set at 12.1%
brought to the state $158 million in 2006.
MGM Grand in Detroit still has the biggest market share of the
three casinos, with 37.6% and revenues for 2006 of $491 million.
Motor City Casino market share rose to 36%. Greektown Casino was
in third place with 26.4% for last year.
Many contribute the rising profits to the recently passed
smoking ban in the Canadian casino across from Detroit - Casino
Windsor, which took effect in the summer of 2006.