Published
Land-BasedCasinoLegal & RegulatoryIndustry

Michigan Gaming Control Board votes to renew Detroit casino licences

The Michigan Gaming Control Board (MGCB) has committed to renewing the licences of three Detroit casinos, in a unanimous decision reached during a public meeting.

michigan gov detroit gambling insider web image

The Michigan Gaming Control Board (MGCB) has committed to renewing the licences of three Detroit casinos, in a unanimous decision reached during a public meeting.

The casinos – MGM Grand Detroit, MotorCity Casino and Penn National’s Hollywood Casino at Greektown – have had a one-year licence renewal approved, in a decision that required three votes in support of final determinations of the board on casino licence applications.

MGCB ED Henry Williams said: “A casino licence is a privilege granted by the state of Michigan. Board members and agency staff take seriously our responsibilities when reviewing this privilege each year as required by law.”

The casino licence application process was established under the Michigan Gaming Control and Revenue Act, with the MGCB required to consider a number of factors when reviewing applications.

These factors include moral character and reputation, business integrity, financial ability and adequate compulsive gambling programmes.

Successful licence applicants are taxed 18% on adjusted gross receipts, with the state receiving 8.1% and the city of Detroit 9.9% of wagering tax and development agreement payments.

Licensees must also pay 8.4% tax on retail sports betting qualified adjusted gross receipts, with an additional annual fee required to cover the state’s regulatory expenses.

Gaming law in Michigan stipulates that casinos must promote responsible gambling; they are required to display the state’s gambling helpline at entrances and exits, on fund transfer terminals, credit locations and on all advertisements and promotional materials.

The MGCB recently published July financial results for the three Detroit casinos, reporting $107.2m in monthly aggregate revenue.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
 
Premium
 
Premium Connections
The Global Gaming Awards are the most trusted and prestigious Awards in the gaming industry, recognising and rewarding the strongest performers across the previous 12 months.
25 Sep 2022

Global Gaming Awards Las Vegas 2022: Full Shortlist revealed

Gambling Insider and Gaming America are delighted to share the Shortlist for the 2022 Global Gaming Awards Las Vegas.

Life after M&A

Pariplay CCO Enrico Bradamante speaks to the GI Huddle about...

Global Gaming Awards Asia 2022: Winners revealed

The winners of the inaugural Global Gaming Awards Asia have...

Coming to America

Interblock Global CEO John Connelly speaks to Gambling Insid...

The supplier story so far

Gambling Insider speaks with leading executives from Relax G...

Read Magazine