The Hannahville Indian Community, which operates the Island Resort & Casino in Harris, Michigan, has received approval from the Michigan Gaming Control Board (MGCB) to use 888 Holdings’ VHL Michigan as the new platform provider for its online casino gaming. The decision to partner with 888 Holdings came after Twin Spires, the original platform provider for the tribe’s online gaming and online sports betting, announced plans to close its online business.
The decision to partner with 888 Holdings came after Twin Spires, the original platform provider for the tribe’s online gaming and online sports betting, announced plans to close its online business. The Hannahville Indian Community was among the ten licensees initially authorised by the MGCB to launch both forms of online gaming in Michigan on January 22, 2021.
Support From The Michigan Gaming
Henry Williams, the executive director of the Michigan Gaming Control Board (MGCB), has expressed his support for the Hannahville tribe’s partnership with 888 Holdings’ VHL Michigan. He expressed his hope that the tribe will continue to be successful in offering their customers both internet gaming and internet sports betting in Michigan. The MGCB authorised the Hannahville tribe as one of the ten initial licensees to offer online gaming in Michigan in 2021.
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It is worth noting that the licenses for online gaming and sports betting operators in Michigan are restricted by law to the three commercial casinos and 12 federally recognised tribes in the state. However, in mid-April 2022, the MGCB authorised the 15th online gaming and sports betting operator in Michigan, showing the state’s growing market for online gambling.
Move Towards More Growth
The approval of 888 Holdings’ VHL Michigan as the new platform provider for the Hannahville tribe’s online casino gaming marks an exciting development for both parties. The use of the Sports Illustrated brand by the Hannahville tribe is a testament to their commitment to providing their customers with the best online gaming experience possible. With gross receipts reaching $1.98 billion in 2022 for Michigan’s online gaming and sports betting operators, the industry is expected to continue growing in the coming years.
888 Holdings CEO Departs
888 Holdings recently announced the departure of CEO Itai Pazner after just over four years in the position. The company bought William Hill’s European business last year and is searching for a replacement. Non-executive chair Lord Mendelsohn will serve as executive chair, and Andria Vidler has been named chair of the ESG committee.
As we mentioned, the Michigan-based operators reported a combined $1.98 billion in gross receipts in 2022. This represents a 41% increase compared to the $1.4 billion reported in 2021. Internet casino gaming generated $1.58 billion in gross receipts, while internet sports betting generated $399.58 million. Combined 2022 internet gaming and internet sports betting adjusted gross receipts totalled $1.65 billion, 47.8% higher than the $1.1 billion recorded in 2021.
In conclusion, the partnership between the Hannahville Indian Community and 888 Holdings’ VHL Michigan will enable the tribe to continue offering its customers both internet gaming and internet sports betting in Michigan. 888 Holdings do operate their flagship 888 Casino brand, which should help make the partnership a huge success. The state’s online gaming and sports betting market is growing rapidly, with gross receipts reaching $1.98 billion in 2022.