Gaming Legal News - June 15, 2011 • Volume 4, Number 19

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In This Issue:

- THE 800-POUND GORILLA LURKING BEHIND THE I-POKER INDICTMENTS – U.S. TAX CONSEQUENCES TO ONLINE PLAYERS by Peter J. Kulick

- FEDERAL INDICTMENTS SPUR I-GAMING CONFERENCES by Robert W. Stocker II

- DETROIT CASINOS’ MAY REVENUES INCREASE FROM SAME MONTH LAST YEAR: MICHIGAN GAMING CONTROL BOARD RELEASES MAY 2011 REVENUE DATA by Ryan M. Shannon*

Excerpt from DETROIT CASINOS’ MAY REVENUES INCREASE FROM SAME MONTH LAST YEAR: MICHIGAN GAMING CONTROL BOARD RELEASES MAY 2011 REVENUE DATA

The Michigan Gaming Control Board (“MGCB”) released the revenue and wagering tax data for May 2011 for the three Detroit, Michigan, commercial casinos. The three Detroit commercial casinos posted a collective 2.7% increase in gaming revenues compared to the same month in 2010. Aggregate gross gaming revenue for the Detroit commercial casinos decreased, however, by approximately 4.2% compared to April 2011 revenue figures, continuing the trend of a similar drop in revenues between April and May in prior years.

Please see full newsletter below for more information.

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Published In: General Business Updates, Criminal Law Updates, Finance & Banking 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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