Gaming Legal News - September 2013 • Volume 6, Number 19

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In This Issue:

- WILL GAMING EXPANSION IN NEIGHBORING OHIO “SPUR” KENTUCKY TO STOP “HORSING AROUND” ON THE ISSUE?

Well before Governor Beshear took office in 2008, the Commonwealth of Kentucky had been discussing the expansion of gaming within its borders. Beyond the legalization of the lottery in 1988 and charitable gaming in 1994, the Commonwealth had only permitted pari-mutuel betting on horse racing. However, the opening of two racinos and four stand-alone casinos in neighboring Ohio in the last year may just be the impetus necessary to spur the Kentucky Legislature to action...

- DETROIT CASINOS’ AUGUST REVENUES DECREASE FROM SAME MONTH LAST YEAR: MICHIGAN GAMING CONTROL BOARD RELEASES AUGUST 2013 REVENUE DATA:

The Michigan Gaming Control Board (“MGCB”) released the revenue and wagering tax data for August 2013 for the three Detroit, Michigan, commercial casinos. The three Detroit commercial casinos posted a collective 3.45% decrease in gaming revenues compared to the same month in 2012. Aggregate gross gaming revenue for the Detroit commercial casinos increased by approximately 0.5% compared to July 2013 revenue figures, continuing the trend of an increase in revenues between July and August in prior years...

Please see full newsletter below for more information.

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Topics:  Gambling, Gaming, Sports Gambling

Published In: Art, Entertainment & Sports Updates, General Business Updates, Tax 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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