Casinos Gambling

News & Analysis as of

Another Gambling Class Action Fails – Court Finds Social Casino Games Not Gambling

A Federal Court in Washington state dismissed a Plaintiff’s class action claims that social casino games using purchasable virtual casino chips constitute gambling under Washington state law. The Court found that the virtual...more

Court Rules Virtual Currency Casino Not Illegal Gambling Despite Secondary Market

A Maryland court recently dismissed a case in which Plaintiff alleged that a virtual currency casino within a social game constituted illegal gambling, despite the existence of a secondary market for the player accounts. For...more

FinCEN Action Against Casino for Weak AML Compliance Efforts Should Not Be Ignored by Others—Especially Digital Currency Companies

Why it matters - FinCEN's $8 million civil money penalty imposed on Caesars Palace for "willful and repeated" violations of the BSA sends a signal that failure to collect and use appropriately identifying information...more

Living at the Casino Does Not Make You a Professional Gambler

Professional gamblers can offset their losses from gambling against their gambling winnings. They can also deduct their other gambling expenses. Non-professionals (those not engaged in the trade or business of gambling) are...more

FinCEN Enforcement Stacks the Deck in AML Compliance for Casinos and Card Clubs

Stephanie Booker, Associate Director for Enforcement, Financial Crimes Enforcement Network (“FinCEN”), recently gave a speech at the Nevada Bar Association’s Bank Secrecy Act Conference in Las Vegas. Involved in the...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

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

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

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

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

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

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

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

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

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

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

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

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

Detroit Casinos’ April Revenues Decrease from Same Month Last Year

The Michigan Gaming Control Board (“MGCB”) released the revenue and wagering tax data for April 2014 for the three Detroit, Michigan commercial casinos. The three Detroit commercial casinos posted a collective 6.5% decrease...more

New Jersey DGE Releases Guidance for Affiliate Marketers

Yesterday, the New Jersey Office of the Attorney General, Department of Law and Public Safety, Division of Gaming Enforcement (“DGE”) released additional guidance for affiliate marketing companies working with state online...more

New Bedford Casino Developer Drops Legal Challenge to State’s Gaming Law

KG Urban Enterprises, a developer seeking to build a resort casino in New Bedford, dropped its legal challenge over a portion of a Massachusetts casino gambling law that gave initial preference to a federally recognized...more

Regulatory Update: Japan Casinos: Integrated Resort Initiative Update

On December 5, 2013, a cross-party group of Japanese law makers submitted a draft bill (the “Integrated Resort Promotion Bill”) aiming to, among other things, legalize casino gambling. With many now expecting it to pass into...more

Glendale City Council Softens Stance on Tohono O’Odham Casino

After years of losses in court and an estimated $3 million in legal fees, the Glendale, Arizona City Council appeared to ease its opposition to the location of an Indian casino in Glendale within the Phoenix metropolitan area...more

Gaming Legal News - March 2014 • Volume 7, Number 8

In This Issue: - CASINO LOCATION IMPACTS LONG-TERM SUCCESS: Location, location, location is a well-established mantra in the real estate business. Tribal casinos are not exempt – particularly in California,...more

U.S.: the value of slot machine patents

I’ve been litigating patent cases involving slot machines for the past decade, and there are still a lot of misconceptions about what aspects of a gaming machine can be patented and why these patents are so valuable....more

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