Casinos

News & Analysis as of

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

Proposition 48: A North Fork in the Road for Tribal Casinos

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

All-In@EiG 2014 Co-ordinated Advice on a Global Scale

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

BELGIUM: Important industry information – Number of casinos to increase from 9 to 11

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

Can Different Rates Of Duty Apply To Different Forms Of Gaming? - European Court allows different tax rates for land-based and...

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

Escaping Taxes in Bankruptcy Through S Corporations

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

Governor Brown Is Not CEQA “Public Agency,” Holds Third District In Indian Casino Case

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

Negotiating with a Tribe or Tribal Entity: Practical Tips for Franchisors

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

Wynn for the Win in the Fight for Boston-Area Casino License

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

Massachusetts Gaming Commission Continues Evaluation and Asks to Hear More From Applicants

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

Odds Continue to Favor the House on Proposed Casino Repeal in Massachusetts

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

Midwest Gaming Win Reinforces Division Between Police and Taxing Powers

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

Rolling the Dice with Casino VIP Lists

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

FinCEN Permanently Bars Casino Official Over BSA Violations

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

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