Bill > HB4539

This bill amends the Traxler-McCauley-Law-Bowman bingo act to add a new article 2 that provides for the regulation of "millionaire party" events, which are fundraising events where participants play casino-style games using imitation money or chips. The key provisions of the bill include: - Requiring qualified organizations to obtain a license from the Michigan Gaming Control Board to conduct millionaire party events, which involves submitting an application and paying a fee. - Allowing the board to waive certain requirements for a qualified organization to obtain a license under extreme hardship conditions. - Limiting qualified organizations to 6 millionaire party licenses per year, with each license valid for up to 4 consecutive days at a single location. - Requiring millionaire party licensees to comply with various rules and restrictions, such as using only bona fide members or supplier employees as dealers, maintaining a minimum number of bona fide members on-site, and limiting the amount of money that can be exchanged for imitation money or chips. - Regulating the use of dealers, equipment, location owners/lessors, and advertising related to millionaire party events. - Requiring millionaire party licensees to keep detailed financial records and allow inspections by the board and law enforcement. - Allowing the board to promulgate rules and take disciplinary action against licensees that violate the law. The bill is tied to another bill, HB 4538, which likely contains additional provisions related to charitable gaming in Michigan.