Casinos

News & Analysis as of

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

Banking & Financial Services E-Note - August 2014

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: Could Massachusetts Casinos be a Losing Bet?

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

Boston Stripped of Surrounding Community Status for Wynn Project

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

Massachusetts Gaming Commission Receives Final Community Input for Eastern Massachusetts Casino Applications

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

The Netherlands: update on the reformation of the gambling market

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

Massachusetts Gaming Commission to Decide Wynn Agreement With Boston

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

Pojoaque’s Plan to Seek an Imposed Contract: Is Interior’s Process Consistent with IGRA?

The Pueblo of Pojoaque needs a new Class III gaming compact by June 2015 in order to continue operating its casinos which are located north of Santa Fe. However, the Pueblo objected to the financial concessions being demanded...more

Let the New York Games Begin: 16 Companies Ante Up for Four Casino Licenses

Sixteen companies submitted applications to the New York Gaming Facility Location Board yesterday, the application deadline. Five applications were submitted for the Capital Region, eight for the Catskills/ Hudson Valley...more

“Law of the Flag” Held Not to Apply to Action on Unenforceable Gambling Debt in Florida Bankruptcy Court

In this bankruptcy contract case, the debtor, a cruise vessel operating as a gambling casino, fronted $200,000 to a blackjack gambler who submitted checks for the cash but then stopped payment on the checks. The debtor sued...more

Massachusetts Gaming Commission’s Work Continues with the Evaluation of Eastern Massachusetts Casino Applicants

The Massachusetts Gaming Commission (“Commission”) held two public hearings the week of June 21, 2014 to determine which applicant would be awarded the sole Boston-area casino license. The Commission held its first hearing on...more

Court Ruling Puts Massachusetts Casinos At Risk

Yesterday, the Massachusetts Supreme Judicial Court in Abdow v. Attorney General rejected challenges to a ballot initiative seeking the effective repeal of Massachusetts’s 2011 gaming law, directing the measure to be included...more

FinCEN Doubles Down on Casinos with Heightened Regulatory Expectations - Casino Managers and Tribal Gaming Commissioners Need to...

For the second time in nine months, Financial Crimes Enforcement Network (FinCEN) Director Jennifer Shasky Calvery has publicly addressed FinCEN's increasing concerns regarding casino compliance with the Bank Secrecy Act...more

Supreme Court Denies Cert. in New Jersey Sports Betting Case

Today, the United States Supreme Court denied New Jersey’s petition for a writ of certiorari to hear an appeal from lower court decisions that invalidated its sports wagering law. This ends a three year fight to bring sports...more

Recent Supreme Court Decision Reaffirms Tribal Sovereign Immunity for Commercial Activities Conducted Off-Reservation

In 1998, the U.S. Supreme Court confirmed that, absent a waiver or Congressional action to the contrary, the doctrine of tribal sovereign immunity applies to lawsuits arising from a tribe’s commercial activities, even if they...more

Spain: Opening of the tender for the BCN World gambling resort

On June, 13, 2014 the regional gambling authorities of Catalonia (“Direcció General de Tributs i Joc“) officialy adopted the (long-time awaited) call for tender for launching the so-called BCN World gambling resort. Under the...more

Internet Gaming: Has the Train Left the Station?

While he is in the process of negotiating a new gaming compact with the Seminole Tribe, Florida Governor Rick Scott has jumped into the contentious debate on whether Internet gaming should be legal. In this, the Governor has...more

Is a Floating Casino Subject to Maritime Jurisdiction?

In some cases, yes. In this case, a paddlewheel vessel, the Belle of Orleans. served as a dockside casino on Lake Pontchartrain. It became unmoored during Hurricane Katrina, damaged nearby property, and was liable for...more

Belgium: Gaming Commission pleads for a further restriction and rationalization of the gaming industry

Patrick Van Eecke and Raf Schoefs (DLA Piper, Brussels) discuss recent media coverage in relation to the Belgian Gaming Commission’s (BGC) open letter to the next government in which it requests for a further restriction of...more

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