The Michigan Gaming Control Board met yesterday morning and voted unanimously to approve the one-year renewal of the licences of Detroit’s three authorised casinos.
MGM Grand Detroit, MotorCity Casino and Hollywood Casino at Greektown all submitted to a comprehensive evaluation by the MGCB which includes a review of their financial stability and operational integrity.
“Renewing a casino license reflects an ongoing commitment to operate a reputable and responsible establishment,” said MGCB executive director Henry Williams. “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.”
Licensees are taxed at a rate of 18 per cent on adjusted gross receipts and remit their wagering tax daily via electronic funds transfer.
To adhere to standards for responsible gaming, licensees are also required to display the state’s toll-free gambling helpline number at all entrances and exits, on each electronic funds transfer terminal and credit location, and on all printed advertisements and promotional materials.
The three Detroit casinos will each be eligible for license renewals again in August 2024.