Section 432.209 – Conduct of Gaming.
432.209 Conduct of gaming. Sec. 9. (1) The board shall set minimum and maximum wagers on games. (2) Employees of the board, the department of state police, and the department of attorney general may inspect any casino at any time, without notice, to determine whether this act or rules promulgated by the board are being […]
Section 432.206c – Institutional Investor.
432.206c Institutional investor. Sec. 6c. (1) Unless the board determines that an institutional investor is unqualified, an institutional investor holding either under 10% of the equity securities or debt securities of a casino licensee’s affiliate or affiliated company that is related in any way to the financing of the casino licensee, if the securities represent […]
Section 432.207 – Repealed. 1997, Act 69, Imd. Eff. July 17, 1997.
432.207 Repealed. 1997, Act 69, Imd. Eff. July 17, 1997. Compiler’s Notes: The repealed section pertained to suppliers’ licenses. Popular Name: Proposal E
Section 432.203 – Casino Gaming Authorized.
432.203 Casino gaming authorized. Sec. 3. (1) Casino gaming is authorized to the extent that it is conducted in accordance with this act. (2) Except as provided in subsection (5), this act does not apply to any of the following: (a) The pari-mutuel system of wagering used or intended to be used in connection with […]
Section 432.204 – Michigan Gaming Control Board; Creation; Membership; Duties.
432.204 Michigan gaming control board; creation; membership; duties. Sec. 4. (1) The Michigan gaming control board is created within the department of treasury. The board has the powers and duties specified in this act and all other powers necessary and proper to fully and effectively execute and administer this act for the purpose of licensing, […]
Section 432.204a – Michigan Gaming Control Board; Jurisdiction; Powers.
432.204a Michigan gaming control board; jurisdiction; powers. Sec. 4a. (1) The board has jurisdiction over and shall supervise all gambling operations governed by this act. The board has all powers necessary and proper to fully and effectively execute this act, including, but not limited to, the authority to do all of the following: (a) Investigate […]
Section 432.204b – Appropriation; Reimbursement; Credit Against Annual Assessment.
432.204b Appropriation; reimbursement; credit against annual assessment. Sec. 4b. (1) There is appropriated for the fiscal year ending September 30, 1997, $5,000,000.00 for the purpose of funding the operations of the board. The $5,000,000.00 appropriation shall be reimbursed in equal shares by each of the 3 casino licensees licensed under this act. In no event […]
Section 432.204c – Disclosure of Information.
432.204c Disclosure of information. Sec. 4c. (1) Except as otherwise provided in this section, all information, records, interviews, reports, statements, memoranda, or other data supplied to or used by the board are subject to the freedom of information act, 1976 PA 442, MCL 15.231 to 15.246, except for the following: (a) All the information, records, […]
Section 432.204d – Member, Employee, or Agent of Board; Conduct Generally.
432.204d Member, employee, or agent of board; conduct generally. Sec. 4d. (1) By January 31 of each year, each member of the board shall prepare and file with the office of the board, a board disclosure form in which the member does all of the following: (a) Affirms that the member or the member’s spouse, […]
Section 432.205 – Application for Casino License.
432.205 Application for casino license. Sec. 5. (1) A person may apply to the board for a casino license to conduct a gambling operation as provided in this act. The application must be made under oath on forms provided by the board and contain information as prescribed by the board, including but not limited to […]