On that note, Henry Williams, MGCB Executive Director, commented: “Renewing a casino license reflects an ongoing commitment to operate a reputable and responsible establishment. Under the Michigan Gaming Control and Revenue Act, three votes, representing a quorum for the Board, are necessary to support final decisions on casino license applications. Three votes are needed to renew a license: In terms of market share in July, it was: MGM (47%), MotorCity (29%) and Hollywood Casino at Greektown (24%). In addition, the same casinos revealed revenue data for July 2023, showing that the monthly aggregate income for the said month was $107.2 million, of which $106.7 million was collected from slots and table games and $477,543 from retail sports wagering. The next renewal process is scheduled for August 2024.
Throughout its scheduled public meeting, the Michigan Gaming Control Board (MGCB) voted unopposed to validate license extensions for MotorCity Casino, MGM Grand Detroit and Hollywood Casino at Greektown, aka Detroit’s 3 licensed casinos. Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licenses, Sports betting, Taxation, Fantasy Sports, Fantasy eSports, Licensing, Taxes, Financial Press Releases, Michigan Betting on sports futures, props and lay bets.
