The trend of setting new sports wagering state records in October was confirmed in Michigan after the internet gaming and online sports betting monthly report released by the Michigan Gaming Control Board (MGCB) revealed a handle of $463.3 million. New Online and Cumulative Record The October total Internet gaming and online sports betting handle comprehensively […]
The Michigan Gaming Control Board (MGCB) saw a change at the helm last week after Gov. Gretchen Whitmer appointed Henry L. Williams, Jr. as executive director to replace long-serving Richard Kalm. “With the nomination of Henry Williams, I am confident that the board will continue protecting and advancing the interests of Michiganders and the state.” […]
Online sports betting operators are eagerly awaiting the green light from the Michigan Gaming Control Board (MGCB) to go live as the state’s gambling laws and competitive tax rates promise a lot of opportunities for them revenue-wise. Going Live Anytime Last week, MGCB executive director Richard Kalm said at the board’s monthly meeting that a […]
The Michigan Gaming Control Board reports a 56.1% year-on-year casino revenue drop in 2020 as a consequence of the pandemic. Michigan Casino Industry Suffers Losses The Michigan Gaming Control Board (MGCB) has announced a staggering 56.1% year-on-year drop in revenue in Detroit’s three casinos for 2020. According to the MGCB’s report, Detroit’s casino revenue for […]
Commercial gaming supplier AGS announced yesterday it acquired a provisional iGaming supplier license by the Michigan Gaming Control Board (MGCB) to provide proven and engaging online gaming content to state licensed operators. “We are excited about being awarded our provisional iGaming license in Michigan and look forward to helping the state launch its new iGaming […]
MotorCity Casino Hotel in Detroit is making provisions in case a second lockdown on the business is imposed. The Ilitch-owned gambling establishment got an approval from the Michigan Gaming Control Board (MGCB) during a special meeting Monday to expand on its revolving credit facility and overall finance model. MGCB Unanimously Approved the Plan The casino […]
The Michigan Gaming Control Board (MGCB) released Wednesday the September revenue figures for the commercial casinos in Detroit, reporting a year-over-year drop in slot and table game verticals. MGM Grand Detroit, MotorCity Casino Hotel, and Greektown Casino-Hotel generated $87.9 million in gambling revenues, plus another $4.4 million in adjusted receipts from sports betting. The reported […]
