Industry

The newly passed $50.7 million budget for the Michigan Gaming Control Board has heralded a huge boost for the regulator as volunteer board members will now be paid from an allocation of $63,000 to incentivize their work.

A massive payout of $972,000 has caused retail sports betting in Detroit to end June 2023 in the negative zone. Nonetheless, the three Detroit casinos combined to generate $101.5 million in the month.

The NBA has released fresh details about the inaugural In-Season Tournament scheduled to be held between November 3 and December 9. Thirty teams drawn from last season’s performance will compete for a chance to win from a large prize pool.

The Michigan Gaming Control Board has upgraded the provisional license it granted 4ThePlayer to a full license. This approval now allows Michigan online casino licensees to offer 4ThePlayer’s games on their respective platforms.

Since the beginning of the year, Michigan local authorities have proposed the relocation of the Northville Downs racetrack to Plymouth Township. However, this plan has since been met with criticism from residents of the Township and other stakeholders.

Barstool recently completed a 72-hour scheduled maintenance and downtime on both its online sportsbook and casino, as it migrated to its in-house proprietary platform and introduced updates to its login interface, games, and bonus cash options.

Aristocrat emerged one of the biggest earners from the first half of 2023 after it saw profits of over 17% from its North American operations alone. In like fashion, interstate poker propelled PokerStars to a flying start in 2023.

The Michigan Gaming Control Board is set to receive a revenue allocation of $50.7 million for the 2024 fiscal year, including an additional allocated budget of $4.2 million that is to be spent on staff payment, payments infrastructure and compensation for board members.

Over 195 million shareholders of PointsBet have voted for the company to proceed with the acquisition deal worth $225 million proposed by Fanatics Betting and Gaming. This would mean Fanatics now expands to 12 more states, including Michigan, pending regulatory approval.

The Michigan Gaming Control Board, in collaboration with the Michigan Department of Attorney General, state investigators and the Belleville police department have seized an alleged illegal gambling machine from a Sunoco gas station in Belleville.