Gaming Legal News -December 2013 • Volume 6, Number 28

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In This Issue:

- BILL AMENDMENT OF THE GAMBLING ACT PASSED SECOND TEST SUCCESSFULLY

by Nadya Hambach and Parvan Rusinov (Velchev & Co.):

On December 12th, a Bill amending and liberalizing the Gambling Act (“Bill”) successfully passed second reading in the Budget and Finance Commission in the Bulgarian Parliament, after passing its first plenary voting upon tense disputes on December 4, 2013....

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

The Michigan Gaming Control Board (“MGCB”) released the revenue and wagering tax data for November 2013 for the three Detroit, Michigan, commercial casinos. The three Detroit commercial casinos posted a collective 0.9% decrease in gaming revenues compared to the same month in 2012. Aggregate gross gaming revenue for the Detroit commercial casinos in November increased by 5.2%, however, compared to October 2013, continuing a trend of increase between October and November in prior years....

Please see full newsletter below for more information.

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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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