The Michigan Gaming Control Board (MGCB) recently unanimously voted to extend the licenses of MGM Grand Detroit, MotorCity Casino and Hollywood Casino at Greektown, all in Detroit, for another year.
MGCB Executive Director Henry Williams said, “Renewing a casino license reflects an ongoing commitment to operate a reputable and responsible establishment. It signifies a dedication to maintaining high standards of quality, security and fair play within the industry. The renewal of these licenses is validation of the casinos’ commitment to operating as responsible and valued corporate citizens within Michigan that contribute positively to the state’s gambling industry while ensuring a safe and enjoyable experience for all patrons.”
The Michigan Gaming Control and Revenue Act requires a comprehensive evaluation of each casino by the MGCB. This process includes review of casino operations including financial stability, operational integrity, adherence to legal and regulatory frameworks and commitment to responsible gaming practices.
Under the existing tax framework, licensees must pay daily remittance of an 18 percent tax on adjusted gross receipts. From these funds, the state receives 8.1 percent and the city of Detroit receives 9.9 percent plus development agreement payments. The casinos also pay an 8.4 percent tax on qualified adjusted gross receipts from retail sports betting. Also, they pay an annual fee to cover the state’s regulatory expenses.
Michigan licensees must prominently display the state’s toll-free gambling helpline number at all entrances and exits, on electronic funds transfer terminals, credit locations and on all printed advertisements and promotional materials.
