Casinos

News & Analysis as of

Casino City Press Releases 2015 Indian Gaming Industry Report

Dr. Alan Meister has released his 2015 Indian Gaming Industry Report. This is the thirteenth edition of the Report and is widely regarded as the best source for the state of the Indian gaming industry, which has grown to...more

Gambling and the Bank Secrecy Act

The Bank Secrecy Act (“BSA”) is a complex set of federal laws and regulations that require “financial institutions” to keep records, make reports, and conduct due diligence as a means of helping the federal government detect...more

Gaming Legal News: Volumn 8, Number 10

MEDICAL MARIJUANA AND GAMING: TO DIVEST OR NOT TO DIVEST? Even as more and more states pass laws permitting sales and use of medical and recreational marijuana, marijuana remains an illegal Schedule I drug under the...more

AML Compliance Developments in the Gaming Industry

Executives of regulated entities often lament that fulfilling compliance obligations interferes with their ability to operate their business. However, an extensive (and extended) regulator investigation with the potential for...more

The Definitive Guide To Igaming In The United States

In this issue: - Introduction - Business Opportunities In Igaming - The Critical Role Of The Land-Based Casinos - As Conduits For Igaming - As Partners With Igaming Operators -...more

Gaming Legal News: Volume 8, Number 7: Have The Odds Of Casino Gaming In Tennessee Just Been Raised?

Tennessee has long been known for its strong tourist attraction. With Beale Street and Graceland in Memphis, the music industry and dynamic attractions of Nashville, the Aquarium in Chattanooga and beautiful Smoky Mountains...more

Italy: Casino and Sportsbetting push for the growth

The data just published on the Italian online gaming market shows positive figures for casino and sportsbetting while poker has been declining with a slight recovery at the end of the year....more

Phoenix Project: Atlantic City Can Rise From The Ashes

Most of the news from the Atlantic City Boardwalk over the last couple of years has not been promising. Several of the massive casino resort properties there have closed and/or slipped into bankruptcy, and the resale or...more

A Cautionary Tale (or Two) – The Need for Robust Internal Oversight in Financings

In this era of rushed financings and hectic corporate restructurings, internal controls and procedures are more important than ever. Adding litigious shareholders and debtholders to the mix means it’s never been more...more

Time for New Casinos in Italy?

New casinos might be established in Italy creating new opportunities also for private investors in a country where at the moment there are only 4 casinos. ...more

Pennsylvania Legislation Introduced to Authorize Online Gaming

On February 26, 2015, Pennsylvania State Representative John Payne, chairman of the Gaming Oversight Committee, and several other sponsors introduced HB 649, a bill that would amend the Pennsylvania Race Horse Development and...more

Gaming Legal News: Volume 8, Number 4

IS GAMING IN THE CARDS FOR THE VOLUNTEER STATE? Dickinson Wright has learned that Tennessee House Representative Jason Powell has submitted a proposed constitutional amendment that could permit casino gaming in...more

FinCrimes Update - February 2015 Summary, Volume 2, Issue 2

On February 25, New York DFS Superintendent Benjamin Lawsky delivered remarks at Columbia Law School focusing on how state bank regulators can better supervise financial institutions in a post-financial crisis era. In his...more

FinCEN Fines Atlantic City Casino $10 Million for AML Deficiencies

Earlier this month, an Atlantic City-based casino was fined $10 million for violating the BSA – more specifically, for failing to (i) create and implement an adequate anti-money laundering program; (ii) establish an effective...more

Trump Taj Mahal Fined Record $10 Million for Inadequate AML Program

As disclosed recently in a bankruptcy court filing, on January 27, 2015, the Financial Crimes Enforcement Network (“FinCEN”) imposed a $10 million civil money penalty pursuant to the Bank Secrecy Act (the “BSA”) on Trump Taj...more

Fifth Circuit Recognizes Color Discrimination Claim Even in the Absence of Evidence of Race Discrimination

Title VII of the Civil Rights Act of 1964 prohibits discrimination on the basis of race or color. In most situations, these two protected classifications are interchangeable, with discrimination on the basis of color...more

Case By Case

Bait-and-Switch Credit Card Offer - In a variation on the typical “bait-and-switch” scheme, a bank made a promotional offer of a “no annual fee” credit card, then changed the terms mid-year to require such a fee. A...more

Sixth Circuit Revisits FLSA Compliance During Employee Meal Periods

In Ruffin v. MotorCity Casino, the Sixth Circuit Court of Appeals considered whether casino security guards, required to remain on casino property during meal periods, monitor two-way radios, and respond to emergencies if...more

6th Circuit: Interruptions During Meal Period Do Not Automatically Render Time Compensable

Yesterday we told you about the California Court of Appeals' decision in which the court found that it was not unlawful for an employer to require its security guards to be "on call" during rest periods. The Sixth Circuit...more

Top 5 gaming predictions for 2015!

End of .COM, innovation, M&A consolidation, CTDs and casino games in my personal predictions for the gaming sector in 2015. Here are my personal list of gaming predictions for 2015!...more

Blog: Boardwalk Empire in Decline – A Recap on the Shuttering of Atlantic City Casinos and What’s Next for the Struggling City

Atlantic City has been struggling in recent years, and it remains unclear how the city’s problems will improve in the face of a deteriorating tax base. According to the Update Report of Governor’s Advisory Commission on New...more

UK: The Phil Ivey case – English court rules for first time on civil law offence of cheating

In the first case since the coming into force of the Gambling Act 2005, the English courts have determined whether the conduct of a party to a gambling contract amounted to cheating for the purposes of civil law. The...more

Goodwin Procter and Boston Bar Association Host “Gaming in Massachusetts: Where Do We Go From Here?” Expert Panel

Just nine days after Massachusetts voters overwhelmingly supported a future for gaming in Massachusetts by rejecting an effort to repeal the state’s casino law, Goodwin Procter’s Gaming and Gambling Practice co-hosted an...more

Shuffle Up and Deal: Casino Licenses Officially Awarded After Casino Law Repeal Fails

The Massachusetts Gaming Commission unanimously voted to formally award the Regions A and B resort casino licenses to Wynn MA LLC and MGM Springfield, respectively, a process which had been delayed until after the election on...more

Plans Continue for Massachusetts Casinos as Voters Choose Not to Repeal Expanded Gaming Act

Massachusetts voters rejected the repeal of the 2011 gaming law on Tuesday, November 4, with 60% of voters statewide saying “NO” to Question 3. Plans can now move forward for up to three commercial casinos and one slots...more

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