Michigan Gaming Panel Waits for Name Change

8 Mar 2005

DETROIT, Michigan -- As reported by the Detroit News: "The Michigan Gaming Control Board still hasn't received an application to transfer ownership in either MGM Grand casino or MotorCity Casino, but one is expected by week's end, the board's executive director said Monday.

"Dan Gustafson said a special board meeting to consider the proposal would be scheduled once it's received and his staff reviews the application and makes a recommendation.

"…MGM Mirage must sell either MotorCity or MGM Grand to conclude its $7.9 billion merger of Mandalay Resort Group in Las Vegas. Mandalay owns 53.5 percent of MotorCity and MGM owns about 95 percent of the MGM casino in Detroit.

"Michigan law forbids a single entity from owning more than 10 percent of two or more casinos in Detroit…"

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue Related Links Michigan Online Gambling MGM Grand Detroit Casino Details MotorCity Casino Details
	Michigan Gaming Panel Waits for Name Change 8 Mar 2005 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> DETROIT, Michigan -- As reported by the Detroit News: "The Michigan Gaming Control Board still hasn't received an application to transfer ownership in either MGM Grand casino or MotorCity Casino, but one is expected by week's end, the board's executive director said Monday. "Dan Gustafson said a special board meeting to consider the proposal would be scheduled once it's received and his staff reviews the application and makes a recommendation. "…MGM Mirage must sell either MotorCity or MGM Grand to conclude its $7.9 billion merger of Mandalay Resort Group in Las Vegas. Mandalay owns 53.5 percent of MotorCity and MGM owns about 95 percent of the MGM casino in Detroit. "Michigan law forbids a single entity from owning more than 10 percent of two or more casinos in Detroit…"

Related Links

Michigan Gaming Panel Waits for Name Change