City of Detroit - File #: 15-5511

• File #: 15-5511
• Version: 1
• Type: Communication or Report
• Status: New Business
• File created: 4/10/2017
• In control: Budget, Finance and Audit Standing Committee
• On agenda: 3/8/2017
• Title: Submitting report relative to Report on Gaming Tax Revenue through January 2017. (For Council’s review, the attached schedules present the gaming tax revenue activity through January 2017 and prior fiscal years. For the first seven months of the fiscal year the casinos have reported combined revenue growth of 1.51% compared with the prior year. Specifically, MGM’s receipts are up by 2.79%, Motor City’s are up by 1.55% and Greektown’s are down 0.83%, compared with the prior fiscal year.) (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 3-8-17)

Title

Submitting report relative to Report on Gaming Tax Revenue through January 2017. (For Council’s review, the attached schedules present the gaming tax revenue activity through January 2017 and prior fiscal years.  For the first seven months of the fiscal year the casinos have reported combined revenue growth of 1.51% compared with the prior year.  Specifically, MGM’s receipts are up by 2.79%, Motor City’s are up by 1.55% and Greektown’s are down 0.83%, compared with the prior fiscal year.) (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 3-8-17)

Body

Replace with Body Text

Recommendation

Replace with the Recommendation Text