Gaming Legal News - April 18, 2012 • Volume 5, Number 9

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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....

Please see full newsletter below for more information.

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Published In: Administrative Agency Updates, Art, Entertainment & Sports Updates, General Business Updates, Finance & Banking Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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