Finance & Banking › Art, Entertainment & Sports Law

Gaming Legal News - April 11, 2013 • Volume 6, Number 9

In This Issue: - MICHIGAN GAMING CONTROL BOARD APPROVES ATHENS ACQUISITION TRANSACTION: At its April 9 monthly meeting, the Michigan Gaming Control Board (“MGCB”) approved Athens Acquisition LLC’s acquisition...more

Chad Elie v. Ifrah Law PLLC

Complaint (Exempt From Arbitration)

Chad Elie v. Ifrah Law PLLC: Complaint (Exempt From Arbitration) DISTRICT COURT CLARK COUNTY NEVADA Case No. A-13-679951-C Dept No.: XV I Filed April 11, 2013 S!GAL CHATTAH, ESQ. Nevada Bar No.: 8264 LAW OFFICES...more

Commission Launches First State Aid Investigations Into Football Clubs

The European Commission opened the first in-depth investigation into alleged State aid for professional football clubs. This comes after the Commission launched investigations into the financing of arenas. It is likely that...more

NCAA Obtains a Vital Win on Antitrust Challenge of Athletic Aid Rules

In a recent federal court decision, the NCAA obtained dismissal of a claim that certain rules governing athletic grants-in-aid violated the antitrust laws. The case, Rock v. NCAA, was led by three former student-athletes and...more

When Athletes Retire, Is the Next Step Bankruptcy or Paradise?

The "paradise" stories for the post-playing careers of professional athletes are without a doubt under told. The success of Roger Staubach in building a real estate empire, the multiple businesses of NBA all-stars Magic...more

Sands’ Casinos Report of “Possible” FCPA Violations Will Draw Scrutiny to the Gaming Industry

On Friday, March 1, 2013, the parent company of the Las Vegas Sands Corp. (Sands), reported in a filing to the Securities and Exchange Commission (SEC) that the company may have violated the “books and records and internal...more

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

In This Issue: - LATEST TRIBAL GAMING REVENUE REPORT: “TRIBAL GAMING IMPROVES DESPITE SLUGGISH ECONOMY”: The annual “Casino City’s Indian Gaming Industry Report” was released nationally on Wednesday, and the...more

Business Litigation Report -- February 2013

In This Issue: Caveat Emptor: Emerging Issues for Buyers of Bankruptcy Claims Entertainment Litigation Update; Trial Practice Update; Japan Litigation Update; and Libor Litigation Update ...more

Gaming Legal News - February 13, 2013 • Volume 6, Number 4

In This Issue: - DOLLARS IN, DOLLARS OUT: DOES IT MAKE “CENTS” FOR TENNESSEE TO FURTHER LEGALIZE GAMBLING IN THE STATE? Uniquely situated in the mid-south, the state of Tennessee and its “three grand divisions,” or...more

International Treaty Co-Productions with Canada: An Overview for Producers

Table of Contents: - Introduction 4 - Co-Producing With Canada – The F.A.Q.’S 4 - Telefilm’s Requirements – The Abc’s 7 - Co-Production Certification In Canada 10 - About the Author: 11 - Schedule “A” 12 -...more

Comparison of Canadian Content, Co-Ventures and Treaty Co-Productions

Canada has long been a pioneer in the international co-production area with numerous co-production treaties. Enclosed is a chart that provides a comparison of Canadian Content, Co-Ventures and Treaty...more

Crowdfunding For Canadian Entertainment Projects

One of the inevitable challenges faced by independent entertainment entrepreneurs, such as film producers or videogame developers, is obtaining financing for the development, production and eventual delivery of their project....more

Bitcoins: Online Currency’s Uncharted Frontier

Bitcoin – it sounds like a token you might use to play skeeball at a beachside arcade. It is actually a relatively new, virtual online “currency” being used for payments across the Internet. While some observers have noted...more

China 20/20 Legal and Regulatory Developments - January 2013

In This Issue: SAFE Issues Notice of State Administration of Foreign Exchange on Further Improving and Adjusting Foreign Exchange Policies Related to Direct Investment; SAFE Makes Revisions to Provisions on Foreign...more

Reduced Interchange Fees in China Effective February 25, 2013

The ten year-old regime governing merchant fees in China is about to change – and the fees are, in general, about to be reduced by one-fourth or more....more

ALL BETS OFF!

Due to "legal and regulatory pressure" Dublin-based Intrade will no longer accept bets from US customers and all existing US customers must exit their trades and close their accounts. Intrade operates a real-money based...more

State of New York v. Vincent Basciano Jr., et. al. (Michael Colbert)

Indictment

State of New York Indictments of Elaborate Sports Betting Ring Involves Offshore Online Sports Betting Web Sites Allegedly Utilized by the Defendants for illegal sports wagering in the US: In addition to traditional...more

Update: Third Party Payment Processor Sentenced to Jail Time for Processing Internet Poker Company Funds

On October 3, 2012, Judge Lewis A Kaplan of the United States District Court for the Southern District of New York sentenced Chad Elie to five months in prison for his role in facilitating the processing of payments for three...more

Famous Athletes Fall Prey to Ponzi Scheme

Professional athletes pulling in millions of dollars are wise to invest some of that money using a financial professional. Unfortunately, some former football players and a U.S. Olympic soccer player are finding they put...more

Around the Virtual World - August 31, 2012

A weekly wrap up of interesting news about virtual worlds, virtual goods and other social media. In This Issue: - Police Embrace Social Media as Crime-Fighting Tool - LinkedIn's Profit Growth Leaves Social...more

BINGO! Wait, you're taxing that?

The IRS periodically issues tax tips, and some of them catch my eye. This time, it was "Five Important Tips on Gambling Income and Losses." I bet you can guess what the biggest tip was: Winnings from gambling are income,...more

Cardoom International LLC v. Mark Scheinberg, et. al. (Ferguson, Chris)

NOTICE OF DEMURRER AND DEMURRER OF DEFENDANT CHRIS FERGUSON, TO PLAINTIFF’S FIRST AMENDED COMPLAINT

Plaintiff’s lawsuit is nothing more than a base attempt to capitalize on an indictment and civil forfeiture action that is wholly unrelated to the claims alleged. Plaintiff, Cardroom International LLC (“Plaintiff”), claims...more

Fundamentals of Negative Pickup Financing Contracts

Negative Pickup Financing accords film producers a medium to procure financing for their motion picture. Unsurprisingly, such method of financing is replete with perils for the unwary and in the process the producer might...more

Donald Trump Announces Plans for Trump Studio City in Miami, Florida: News Release of the Week

The news that Donald Trump has serious plans for building a big TV and film studio in Florida is making lots of waves in various industries across the country. The development would be hugh, of course, but the true impact of...more

Federal Criminal Lawyer Douglas McNabb of McNabb Associates - News On Current Federal Criminal Cases

June 18, 2012 - The Federal Crimes Watch Daily The Federal Crimes Watch Daily is a daily newspaper that discusses current federal criminal issues written by a federal criminal defense attorney....more