In this issue:
- OLG ISSUES NEW “HOSTING FEE” PAYMENTS; NEW OLG CHAIR IS
The Ontario Lottery and Gaming Corporation (OLG) has agreements, known as “Municipality Contribution Agreements,” with the various municipalities hosting OLG gaming sites. Part of the Municipality Contribution Agreements requires OLG to pay “hosting fees” to the municipalities hosting OLG gaming sites. Hosting fees are determined according to a predetermined formula.
- DETROIT CASINOS’ JULY REVENUES INCREASE FROM SAME MONTH LAST YEAR: MICHIGAN GAMING CONTROL BOARD RELEASES JULY 2013 REVENUE DATA
The Michigan Gaming Control Board (“MGCB”) released the revenue and wagering tax data for July 2013 for the three Detroit, Michigan, commercial casinos. The three Detroit commercial casinos posted a collective 0.3% increase in gaming revenues compared to the same month in 2012. Aggregate gross gaming revenue for the Detroit commercial casinos also increased by approximately 8.2% compared to June 2013 revenue figures, continuing a similar increase in revenues between June and July in prior years.
Please see full newsletter below for more information.
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