News & Analysis as of

Gambling

Foodman CPAs & Advisors

Did you know that Casinos are Financial Institutions?

by Foodman CPAs & Advisors on

Since 1985, Casinos that have Gross Annual Gaming Revenues in excess of $1,000,000 are considered to be Financial Institutions and are subject to the requirements of the Bank Secrecy Act (BSA). ...more

Jackson Lewis P.C.

The Wait Is Over For Legalized Sports Gambling In New York

by Jackson Lewis P.C. on

A provision in New York’s 2013 Racing, Pari-Mutuel Wagering and Breeding Law authorizing casinos to take bets on sporting events had been held in suspension because of the federal ban on state-regulated sports wagering. Now,...more

Ifrah PLLC

Effective Sports Betting Regulation Must Cover Mobile And Online Betting, Too.

by Ifrah PLLC on

On May 14, 2018, the Supreme Court struck down the Professional and Amateur Sports Protection Act (“PASPA”), clearing the way for states to legalize sports gambling. In its wake, many states are now rushing to do just that....more

Ifrah PLLC

Ifrah Law Article On SCOTUS Sports Betting Decision In George Washington Law Review

by Ifrah PLLC on

In their recent article published in the George Washington Law Review, firm founder Jeff Ifrah and associate David Yellin describe the three immediate effects of the groundbreaking Supreme Court decision in Murphy v. NCAA:...more

Manatt, Phelps & Phillips, LLP

Supreme Court Bets on Sports Gambling

Paving the way for legalized gambling—and advertising for the industry—the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in a challenge involving the state of New Jersey....more

Fox Rothschild LLP

At Stake

by Fox Rothschild LLP on

The Illinois Gaming Board (IGB) held its monthly open meeting on May 24, 2018 in Chicago at the James R. Thompson Center. Although Members Alejandre and Robinson were in attendance via teleconference, Chairman Tracy and...more

Hogan Lovells

Ghosh is gone - now a one-stage test for dishonesty?

by Hogan Lovells on

A recent UK Supreme Court case has decided that the current test for dishonesty in criminal proceedings should no longer be used when directing juries on the law in criminal cases. The Ghosh test, which has represented...more

Verrill Dana LLP

Daily Fantasy Sports is a Skill Game, We Have a Study to Prove It

by Verrill Dana LLP on

As the esteemed Secretary of Defense under two presidents has said: Reports that say something hasn’t happened are always interesting to me, because as we know, there are known knowns; there are things we know we know. We...more

Jackson Lewis P.C.

Supreme Court Strikes Down Law Banning States from Legalizing Sports Gambling

by Jackson Lewis P.C. on

The U.S. Supreme Court has struck down the federal law known as the Professional and Amateur Sports Protection Act of 1992 (PASPA) that bans states from permitting gambling on sporting events. Murphy v. National Collegiate...more

Sheppard Mullin Richter & Hampton LLP

Legal Issues With Blockchain-Based Crypto Games and Collectibles

The use of blockchain technology for crypto games and token-based digital collectibles is on the rise. One of the first crypto games of note was CryptoKitties. It may turn out that CryptoKitties becomes to crypto games what...more

Dickinson Wright

How The Ninth Circuit Big Fish Casino Decision Could Impact Online Free Casino Offerings Across The U.S.

by Dickinson Wright on

Virtually every significant gaming operator in the United States has some form of “free to play” online casino offering. Because no purchase is necessary to play (no consideration) and no valuable prizes are offered (i.e.,...more

Ryley Carlock & Applewhite

Learn from the Orcs: Lessons that Cryptocurrency Should Take from the Recent European Rulings that Video Game Lootboxes Can...

by Ryley Carlock & Applewhite on

The biggest Star Wars story at the end of 2017 was the release of The Last Jedi in theatres. But another Star Wars story from that timeframe may have a larger impact on the world (no, I’m not talking about the upcoming Solo...more

Sheppard Mullin Richter & Hampton LLP

Loot Box Saga Continues

The flurry of proposed legislative activity around loot boxes continues. State Rep. Rick Hansen (DFL-South Saint Paul) introduced H.F. 4460in Minnesota this week. H.F. 4460 would prohibit game purchases that result in random...more

Manatt, Phelps & Phillips, LLP

Plaintiff Rolls a Win in Ninth Circuit Gambling Opinion

A virtual game platform constituted illegal gambling under Washington law, the U.S. Court of Appeals, Ninth Circuit has ruled, finding that the casino’s virtual chips are a “thing of value.”...more

Sheppard Mullin Richter & Hampton LLP

Netherlands Declares Certain Loot Boxes Gambling; Warns of Coming Enforcements

As we have previously reported, the subject of loot boxes has received increasing scrutiny around the world. In one of the most recent pronouncements, the Dutch Gambling Authority (the “Authority”) declared the loot box...more

Dickinson Wright

Gaming & Hospitality Legal News: Volume 11, Number 4

by Dickinson Wright on

Virtually every significant gaming operator in the United States has some form of “free to play” online casino offering. Because no purchase is necessary to play (no consideration) and no valuable prizes are offered (i.e.,...more

Benesch

No Win Situation: The Ninth Circuit Finds Mobile Casino Applications Can Be Gambling Despite No Cash Out Mechanism

by Benesch on

The Ninth Circuit just put the entire mobile application industry on notice. Mobile casino applications may constitute gambling under Washington state law. ...more

Fenwick & West LLP

In-Game Currency Triggers State Gambling Laws, Rendering Mobile Game “Illegal Gambling”

by Fenwick & West LLP on

The U.S. Court of Appeals for the Ninth Circuit concluded on March 28 that virtual currency used in mobile games can qualify as a “thing of value” for the purpose of state gambling laws — a conclusion that, until now, has...more

Fox Rothschild LLP

At Stake

by Fox Rothschild LLP on

The Illinois Gaming Board (IGB) held its monthly meetings on April 12, 2018 in Chicago. Just like our nice weather, the meeting was fleeting. As you may know, the IGB canceled the closed session meeting scheduled for April...more

Proskauer Rose LLP

Regulation Round Up - February 2018

by Proskauer Rose LLP on

1 February - The European Commission ("EC") launched the EU Blockchain Observatory and Forum in order to highlight key developments of blockchain technology, promote and reinforce European engagement with multiple...more

Fox Rothschild LLP

At Stake: March 2018

by Fox Rothschild LLP on

Happy (almost) Spring! The Illinois Gaming Board (IGB) held a special meeting on March 7th in Chicago. Before we provide a synopsis of both the Riverboat and Video Gaming meetings, we wanted to take a few moments to discuss...more

Allen & Overy LLP

No contractual duty to protect spread betters against themselves

by Allen & Overy LLP on

A spread betting company owed no contractual duty to protect a customer from his own gambling addiction or considered choices. “Very clear express words” would be required to give rise to a contractual duty to protect parties...more

Stinson Leonard Street - Arbitration Nation

Providing For De Novo Review of Award Can Invalidate The Arbitration Agreement

A recent decision from the 10th Circuit shows there is a whole new way to invalidate an arbitration agreement. In Citizen Potawatomi Nation v. Oklahoma, 2018 WL 718606 (10th Cir. Feb. 6, 2018), the court found the...more

WilmerHale

Supreme Court to Decide Future of Sports Betting: Implications for Tribal Casinos

by WilmerHale on

The Supreme Court’s forthcoming decision in Christie v. National Collegiate Athletic Association (Nos. 16-476, 16-477) will have profound implications for sports betting in the United States and will potentially open the door...more

Fox Rothschild LLP

At Stake - February 2018

by Fox Rothschild LLP on

In very snowy Chicago weather, the Illinois Gaming Board (IGB) held its monthly meeting on February 9, 2018. Only the very brave attended! RIVERBOAT- After the approval of the meeting minutes from the January 2018...more

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