Casino

Sault Ste. Marie, the tribal owners of Kewadin Casinos have announced that they will be renovating their biggest retail casino location in Michigan. The project is expected to cost millions of dollars and is scheduled for completion in 2024.

BetMGM is organizing qualifiers ahead of the BetMGM Poker Championship in Las Vegas this June. Michigan players can register to participate in the qualifiers and win a prize package of $6,500 inclusive of tournament tickets, hotel accommodation and travel.

Michigan online casinos generated $159 million in gaming revenue in April, the second-highest monthly revenue figure in the history of the state. Lifetime iGaming taxes have also crossed $850 million and may top $1 billion by September 2023.

Fanatics Betting and Gaming has acquired the gambling company PointsBet for $150 million. The deal is pending shareholder approval and regulatory requirements. Fanatics will take over PointsBet's operations in all states where the company operates, including Michigan.

Many Michigan tribes are starting to include legal cannabis production and sale into their business operations. This means tribes will now combine both casino and recreational marijuana profits for the use of their indigenous peoples.

Reports have shown that the Michigan gambling industry contributes one of the highest tax revenues to the state, after it generated $1.96 billion into state coffers in 2022. Revenue from gambling taxes is spent mostly on the School Aid Fund.

The Michigan Gaming Control Board and six other states have written a letter to the Attorney General of the US, seeking a collaboration with federal authorities to curb illegal offshore gambling in the country.

Detroit may be home to the nation’s first cannabis casino with The REEF. Although the business is yet to get license from the MGCB, it already offers token coins and cannabis vouchers for casino games.

Michigan tribal casinos have been plagued with several problems over the years, including poor revenue in the pandemic year. A recent report shows that tribal casinos are bouncing back and may be in for their best financial years yet.

Anaxi, a subsidiary brand of Aristocrat Gaming, has announced a partnership that will bring its slots and table games to FanDuel Casino MI, following similar deals with BetMGM Casinos and Caesars Casino.