Gaming Legal News - June 14, 2012 • Volume 5, Number 14

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In This Issue:

- MICHIGAN GAMING CONTROL BOARD FORMALLY VESTED WITH OVERSIGHT OF CHARITABLE POKER:

On April 11, 2012, Michigan Governor Rick Snyder signed Executive Order 2012-4, which transfers regulatory oversight of “millionaire parties” from the Michigan Bureau of Lottery to the Michigan Gaming Control Board (MGCB). The Michigan Legislature had 60 days from then to reject the Executive Order. At the MGCB meeting held on June 12, Executive Director Richard Kalm announced that the Executive Order became effective on June 11...

- CASINO INDUSTRY GROWS IN CHILE by Carlos A. Fonseca Sarmiento (Varela & Fonseca Abogados):

The new casino industry in Chile started with Law N° 19995 of 2005. Between 2005 and 2008, 18 gaming licenses (the maximum quantity allowed by the law) were granted...

- DETROIT CASINOS’ MAY 2012 AGGREGATE REVENUES SLIGHTLY DECREASE COMPARED to SAME MONTH LAST YEAR: MICHIGAN GAMING CONTROL BOARD RELEASES MAY 2012 REVENUE DATA by Ryan M. Shannon:

The Michigan Gaming Control Board (“MGCB”) released the revenue and wagering tax data for May 2012 for the three Detroit, Michigan, commercial casinos. The three Detroit commercial casinos posted a collective 1.4% decrease in gaming revenues compared to the same month in 2011. Aggregate gross gaming revenue for the Detroit commercial casinos also decreased by approximately 4.0% in May compared to April 2012 revenue figures, continuing a trend of similar decline from April to May in prior years...

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