Abim Thomas

Abim Thomas

Goodwin Procter LLP

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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

Massachusetts Gaming Commission Continues Busy Fall Schedule As Application Deadlines Loom

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

10/9/2013 - Gambling Gaming Commissions

Massachusetts Gaming Commission Approves Two Applicants to Advance to the Next Stage of the Process

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 - On...more

10/8/2013 - Gambling Gaming Commissions

Boston Moves Forward on Casino Development at Suffolk Downs

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

9/13/2013 - Gaming Host Community Agreements Referendum Votes

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