Las Vegas Sands Verdict Should Be Upheld, Lawyer Says
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
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
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.
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
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
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
Continuing our series on the 2014 California election ballot, we now turn to Proposition 48, the Referendum on Indian Gaming Compacts.
If voters approve the referendum November 4th, Native American tribes may be able...more
In This Issue:
1. Welcome to EiG 2014
2. Europe: Gaming in the Cloud
3. Risk – What’s Your Appetite?
4. Japan: Current Status of Casino Legalization
5. Poland: Overview of Expected Changes
6. Patents on...more
The following paragraph was included in the coalition agreement released last week by the new Belgian government:
“The government will review the Games of Chance Act of 7 May 1999 […], with the purpose of increasing...more
On 26 September, the General Court of the European Union handed down two judgments dismissing the appeals of Dansk Automat Brancheforening ("DAB") and Royal Scandanavian Casino Århus against a European Commission decision of...more
Shareholders of financially troubled S corporations may now be able to avoid the flow-through of taxes when the S corporation or its subsidiary files bankruptcy. ...more
In a published decision filed September 24, 2014, the Third District Court of Appeal (per Justice Robie) held that CEQA’s definition of a “public agency” that is subject to its requirements (see Pub. Resources Code, § 21063)...more
Indian gaming has exploded in the more than twenty-five years since Congress passed the Indian Gaming Regulatory Act (IGRA). According to the 2014 Casino City’s Indian Gaming Industry Report, Indian tribes received $28.1...more
After morning presentations by both Mohegan Sun and Wynn, the Commissioners continued their final deliberations of the two applicants for the sole Boston-area casino license, and voted today 3-1 to award the license to Wynn...more
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
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
In United States v. Doremus, 249 U.S. 86 (1919) the Supreme Court held that a tax law “may not be declared unconstitutional, because its effect may be to accomplish another purpose as well as the raising of revenue.” That...more
In the competitive world of land-based casinos, high roller “VIP” players are courted with a host of special perks and privileges. A casino’s proprietary VIP customer list represents one of its most valuable assets, almost...more
On August 20, FinCEN announced an action against a casino employee who admitted to violating the Bank Secrecy Act by willfully causing the casino to fail to file certain reports. ...more
In This Issue:
- Lawmakers Urge Fed to Clarify Emergency Lending Rules
- CFPB Pushing Colleges to Be More Transparent in Bank Deals
- Report Finds Reversal in Trend Toward Subprime Auto Loans
- CFPB Concerned...more
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
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
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
Recently, the Council of Ministers approved to the plan of the State Secretary for Security and Justice, mr. Teeven, to reform the Dutch games of chance market.
The current policy on games of chance will be modernized...more
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
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