Abim Thomas

Abim Thomas

Goodwin Procter LLP

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Massachusetts Gaming Commission Continues Evaluation and Asks to Hear More From Applicants

Last week, the Massachusetts Gaming Commission announced that it was “rapidly approaching the completion of the Evaluation Process” for the Region A resort-casino license applications submitted by Wynn and Mohegan Sun. The...more

9/16/2014 - Casinos Gambling Gaming Commissions

Odds Continue to Favor the House on Proposed Casino Repeal in Massachusetts

After a summer of no polling on the ballot initiative to repeal the Massachusetts gaming law (Question 3), pollsters announced the results of three polls in the last week of August and the first week of September. All three...more

9/11/2014 - Casinos

Philadelphia Entertainment and Development Partners LP Wins Chapter 11 Plan Approval

U.S. Bankruptcy Judge Madeline Coleman approved a modified Chapter 11 Bankruptcy Plan for Philadelphia Entertainment and Development Partners, L.P (“Philadelphia Entertainment”) on Monday, July 28, 2014. ...more

8/26/2014 - Chapter 11 Commercial Bankruptcy Entertainment Industry

Atlantic City: Could Massachusetts Casinos be a Losing Bet?

Atlantic City’s gaming industry is struggling. Its casinos made 11% less in July than they did a year ago. Revel, a $2.4 billion casino that opened with great fanfare in 2012, will close in September after it failed to find a...more

8/25/2014 - Casinos Gambling

Boston Stripped of Surrounding Community Status for Wynn Project

The Massachusetts Gaming Commission (“Commission”) stripped Boston of its status as a “surrounding community” for the proposed Wynn casino. While initially the Commission appeared to agree with Boston that the Commission...more

8/20/2014 - Casinos Entertainment Industry Gaming Gaming Commissions Tax Revenues Wynn Resorts

Massachusetts Gaming Commission Receives Final Community Input for Eastern Massachusetts Casino Applications

The Massachusetts Gaming Commission (“Commission”) held two public hearings the week of August 11, 2014 to finalize the comment process before awarding the Boston-area casino license. The Commission held the first hearing...more

8/19/2014 - Casinos Gaming Gaming Commissions Public Comment Rulemaking Process Wynn Resorts

Massachusetts Gaming Commission to Decide Wynn Agreement With Boston

In the race for eastern Massachusetts’ sole casino license, Mohegan Sun and Wynn Resorts attempted negotiating Surrounding Community Agreements with the City of Boston. The agreements are designed to compensate surrounding...more

7/21/2014 - Arbitration Casinos Hospitality Industry Licenses Wynn Resorts

Massachusetts Gaming Commission Denies Boston Mayor’s Request For Delay

The Massachusetts Gaming Commissioners unanimously agreed that the competition for the only Boston-area casino license will push on. On July 2, 2014, the Commission held a public hearing to discuss a request by Boston Mayor...more

7/7/2014 - Gambling Gaming

Let the New York Games Begin: 16 Companies Ante Up for Four Casino Licenses

Sixteen companies submitted applications to the New York Gaming Facility Location Board yesterday, the application deadline. Five applications were submitted for the Capital Region, eight for the Catskills/ Hudson Valley...more

7/2/2014 - Applications Casinos Gaming Licenses

Massachusetts Gaming Commission’s Work Continues with the Evaluation of Eastern Massachusetts Casino Applicants

The Massachusetts Gaming Commission (“Commission”) held two public hearings the week of June 21, 2014 to determine which applicant would be awarded the sole Boston-area casino license. The Commission held its first hearing on...more

7/1/2014 - Casinos Economic Development Gaming Gaming Commissions Licenses Public Meetings Racetracks

Court Ruling Puts Massachusetts Casinos At Risk

Yesterday, the Massachusetts Supreme Judicial Court in Abdow v. Attorney General rejected challenges to a ballot initiative seeking the effective repeal of Massachusetts’s 2011 gaming law, directing the measure to be included...more

6/26/2014 - Casinos Gambling

Court Ruling Puts Massachusetts Casinos At Risk

Yesterday, the Massachusetts Supreme Judicial Court (SJC) released its decision in Abdow v. Attorney General, handing a victory to proponents of a Massachusetts electoral initiative that seeks the repeal of the Massachusetts...more

6/26/2014 - Gaming Legislative Agendas Licensing Rules Repeal

Additional Environmental and Host Municipality Guidance on the New York RFA Process

Revised guidance on the SEQRA process - 24-month time limit to begin upon conclusion of SEQRA review. SEQRA, or the State Environmental Quality Review Act, is a New York law mandating that projects receiving...more

6/6/2014 - Building Permits Casinos Environmental Impact Report Mitigation Permits SEQRA

Some New York Applicants Already Folding Their Hands While the Board Makes Accommodations for Those Who Remain

With just under a month to go before final applications are due, three of the original 22 applicants have officially dropped out of the running. The Cordish Companies and Penn National Gaming, joint venture partners who had...more

6/3/2014 - Casinos Gaming Gaming Commissions

New Bedford Casino Developer Drops Legal Challenge to State’s Gaming Law

KG Urban Enterprises, a developer seeking to build a resort casino in New Bedford, dropped its legal challenge over a portion of a Massachusetts casino gambling law that gave initial preference to a federally recognized...more

5/21/2014 - Casinos Gambling Gaming Gaming Commissions

Massachusetts Gaming Commission Awards Sole Slot License to Penn in Plainville

During the last week of February, the Massachusetts Gaming Commission discussed the three final applications vying for the sole Category 2 slots-parlor license available in the Commonwealth and awarded the sole slot-parlor...more

3/3/2014 - Gambling Gaming Commissions Slot Machines

DOJ Files Criminal Charges Against Former Bitcoin Exchange Head

On January 27, 2014, the Department of Justice publicly announced it had filed criminal charges against Charles Shrem for operating an unlicensed money transmitting business, conspiracy to commit money laundering, and failure...more

2/14/2014 - Bitcoins Conspiracies DOJ Money Laundering Virtual Currency White Collar Crimes

Four Casino Resort Licenses on the Table in Upstate New York – Time to Place Your Bets

As New York State prepares to issue four new gaming licenses, this alert takes a closer look at the details involved in the application requirements, bidding process, fees and approval considerations for prospective...more

2/5/2014 - Casinos Licenses

Compact Between Mashpee Wampanoag Tribe and Gov. Deval Patrick Approved by Default

The federal Bureau of Indian Affairs allowed the 45-day review period to lapse without issuing a decision, thereby approving a compact between the Mashpee Wampanoag Tribe and Gov. Deval Patrick for a $500 million casino in...more

1/28/2014 - Bureau of Indian Affairs Casinos Gaming Indian Gaming Indigenous Peoples Native American Issues Tribal-State Gaming Compacts

Online Gambling Expansion Holds Potential Profit and Pitfalls

LexisNexis and Spectrum Gaming hosted a Jan. 8, 2014 webinar to discuss the legalization of online gaming in Nevada, Delaware, and New Jersey, and how this might shape the future expansion of the industry. ...more

1/16/2014 - Gambling Internet Gambling Online Gaming

Odds-On Favorite MGM Wins The DC-Area Casino Sweepstakes

As long expected, MGM was selected to build the Prince George’s County casino in a 5 to 2 vote by the Maryland Video Lottery Facility Location Commission, in what some considered to be “a foregone conclusion.” MGM’s proposed...more

12/24/2013 - Casinos Lottery MGM

No Good Option: Binary Options Are Not Traditional Option Contracts, But Do Not Escape Regulatory Oversight

The regulatory authority of the U.S. Commodity Futures Trading Commission (“CFTC”) covers “options” which are adroitly defined as “transaction(s) . . . held out to be of the character of, or . . . commonly known to the trade...more

12/23/2013 - Binary Options CFTC Compliance Option Contracts SEC

New York Voters Are Placing Their Bets – Will It Pay Off?

It’s November 5, 2013 and New Yorkers are taking to the polls to vote whether or not to approve the statewide casino referendum that would allow four new gaming licenses in New York. Casino, entertainment and hotel developers...more

11/5/2013 - Casinos Gambling

Playing Their Cards Right: Only Eight Applicants Remain in the Hunt for Three Gaming Licenses

Sterling Suffolk Racecourse, LLC (“Sterling Suffolk”), Wynn MA, LLC (“Wynn”), and Crossroads Massachusetts, LLC (“Crossroads”) are the three applicants competing for one resort casino license in Eastern Massachusetts. All...more

11/5/2013 - Casinos Gambling Gaming Gaming Commissions

DC-Area Casino Hopefuls Clear Regulatory Hurdle, Prepare For Close-Ups

Each of the three companies competing for a casino in Prince George’s County — Greenwood Racing, MGM Resorts, and Penn National Gaming — received a stamp of approval from the Maryland Lottery and Gaming Control Commission,...more

10/16/2013 - Casinos

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