February Revenue & Market Share Data

The numbers are in...

The interesting thing is that all three casino posted revenue increases in a year over year comparision. This was completely unexpected according the projections at the begining of the month...

Here is the breakdown of the numbers:



Secondly here is the Market Share and Revenue results over the past ~30 months:



The short story is that MGM is slowly falling. I find it very difficult, given the problems with their parent, as to how they will stem the loss of market share in the short term. It looks as if Motor City is flat to slightly up while the big winner is Greektown. Not that this is a surprise given they openened their hotel last month. But long term indications look favorable for Greektown, neutral to Motor City and negative to MGM.

I'm interested in your comments... Please share them below.