Operator News

US – Michigan Gaming Control Board approves license renewals for three Detroit casinos

By Phil - 12 November 2020

The Michigan Gaming Control Board has approved the renewal of casino licenses for MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino Hotel.

The board voted 3-0 to accept the renewal recommendation from MGCB staff. The fourth board member was absent.

A commercial casino license is issued for a one-year period in Michigan. All licenses are renewable annually after payment of the $25,000 license fee and delivery of an annual report which includes information required under rules promulgated by the MGCB.

Agency staff conduct investigations each year to determine whether the casinos’ licenses may be renewed. Investigators and financial analysts examine reputational issues, integrity, capitalisation, compliance, problem-gambling programs and ability to operate and maintain a casino.

Having closed on March 16, the casino reopened on August 5 operating at a 15 per cent occupancy limit.

In October, the three commercial casinos generated $93.8m representing a 19 per cent drop on October 2019.

MGM Grand Detroit generated $37.8m, MotorCity $36.3m and Greektown $19.7m.