March 14

In Detroit, Michigan, two out of three of the casinos located there witnessed a drop in their earnings for February. Thanks to MGM Grand Detroit having a great month, the gaming industry in Detroit as a whole, raked-in a little more money than last year.

Based on the numbers released today by the Michigan Gaming Control Board, earnings in February rose a reported 9% to $39.6 million over last year.

Greektown Casino's earnings went down 5% to a reported $26.6 million and MotorCity Casino's earnings went down 3% to a reported $36.1 million.

Because of MGM Grand Detroit's good month, the combined earnings for the three area casinos rose a reported $786,000 to $101.4 million.

Because MGM Mirage, the parent company of MGM Grand Detriot, is in the process of buying Mandalay Resorts, the majority owner of MotorCity, either MGM Grand Detroit or MotorCity Casino is projected to change hands soon. This will happen to appease the Michigan law that does not allow one company to own more than 10% in two Detroit casinos.