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
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
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
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
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.
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
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
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
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
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
Region C Contenders Have Lingering Process Questions.
The Commission held its 77th open public meeting on September 19. Highlights from the meeting included a discussion regarding Region C. Karen Wells, the...more
The Massachusetts Gaming Commission has had a flurry of adjudicatory hearings in September and October as it progresses in the licensee vetting process.
Commission Approves Suitability of Penn National -
The City of Boston entered into a historic agreement that is projected to bring approximately $52 million in annual revenue to the city, $50 million in annual local spending and a guaranteed 4,000 jobs. As part of the...more