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Gambling News - 'Mgcb'
Industry
November 19, 2021
Michigan Registers Record in October Online Wagering
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 […]
Esports
June 16, 2021
Michigan Reports Total Betting Handle of $237.6m in May
The state of Michigan reported $114.31 million in gross internet gaming and sports betting receipts in May, down 0.8% from April. Horse Racing Could Bring $1.2B to the State The gross gaming revenue generated by online gaming operators in May amounted to $94.85 million. Additionally, e-sports betting operators reported $19.46 million of total gross sports […]
Legal
June 9, 2021
Reversal of Lifetime Ban Brings 500 Gamblers Back to Detroit Casinos
Gamblers who previously put their names on the voluntary exclusion list for Detroit’s three casinos now have a path back inside due to a new law. Voluntary Exclusion List Introduces Shorter Duration A total of 545 people have removed their names from the Michigan Disassociated Persons List following the adoption of a new law. The […]
Industry
April 26, 2021
Henry Williams Appointed as MGCB’s Executive Director
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.” […]
Industry
March 18, 2021
Michigan Sports Betting Popularity Skyrockets in February
February was the first full month of legal sports wagering in Michigan. Undoubtedly, the activity proved to be highly popular based on results released by the Michigan regulator. Sports Betting Popularity Skyrockets in Michigan After the first full month of legal sports betting action, residents in Michigan proved that the activity is highly popular. The […]
Sports
January 18, 2021
Michigan Just Days Away from Going Live with Online Wagering
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 […]
Casino
January 14, 2021
Detroit’s Casino Industry Suffers 56.1% Revenue Drop in 2020
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 […]
Legal
December 17, 2020
AGS Acquires Provisional iGaming Supplier License in Michigan
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 […]
Legal
December 11, 2020
MGCB Approves 15 Provisional Online Sports Betting Licenses
After it started accepting license applications in May, the Michigan Gaming Control Board announced that it approved 15 provisional licenses for online and sports betting. The leading industry operators FanDuel, William Hill, DraftKings, and PointsBet have secured a provisional license in Michigan. 15 Provisional Licenses Approved by Michigan Regulator The Michigan Gaming Control Board (MGCB) […]
Business
October 28, 2020
MotorCity Expands on Debt amid Fears of Second Closure
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 […]