In This Issue:
TORONTO CASINO UPDATE
by Michael D. Lipton, Q.C., Kevin J. Weber, and Jack Tadman
As we first reported in January, the movement towards a Toronto casino continues apace. As we anticipated in our January issue, when Ontario’s Finance Minister, Dwight Duncan, first publicly aired the concept, resistance in Toronto has begun to coalesce. Politicians have begun staking out their positions on a Toronto casino since March 12, 2012, when the Ontario Lottery and Gaming Corporation (“OLG”) released its Strategic Business Review (the “Review”). The Review identified the Greater Toronto Area (“GTA”) as a land-based gaming market where customer interest is not being met, and the OLG chairman confirmed shortly thereafter the province’s interest in building a casino in the GTA...
DETROIT CASINOS’ MARCH REVENUES INCREASE FROM SAME MONTH LAST YEAR: MICHIGAN GAMING CONTROL BOARD RELEASES MARCH 2012 REVENUE DATA
by Ryan M. Shannon
The Michigan Gaming Control Board (“MGCB”) released the revenue and wagering tax data for March 2012 for the three Detroit, Michigan, commercial casinos. The three Detroit commercial casinos posted a collective 1.9% increase in gaming revenues compared to the same month in 2011. Aggregate gross gaming revenue for the Detroit commercial casinos also increased by approximately 5.0% in March compared to February 2012 revenue figures....
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