Tag Archives: casino

Greenberg Traurig Advises on Hard Rock Cafe Purchase of Trump Taj Mahal Casino

With Greenberg’s help, Hard Rock International and two partners closed on the joint-venture deal on March 31—a venture that local officials are hoping will lead to an economic rebirth in the region and give other investors a reason to return to Atlantic City. “This is the first significant investment in Atlantic City by a new … Continue Reading

Greenberg Traurig’s Ryo Takizawa Quoted in Inside Asian Gaming

“Optimism blossomed when Liberal Democratic Party Prime Minister Shinzo Abe, a casino supporter, returned to power in December 2012. He did so with a lower house majority but a coalition Japan’s Prime Minister Shinzo Abe partner, Komeito, that strongly opposes casinos. Integrated resort development was subsequently proposed as a perfect complement to the 2020 Tokyo … Continue Reading

FinCEN Issues Guidance to Casinos Confirming that Suspicious Activity Reports May Be Shared with U.S. Parents and Affiliates

On Jan. 4, 2017, the Financial Crimes Enforcement Network of the U.S. Department of the Treasury (FinCEN) issued guidance to casinos to confirm that, subject to certain limitations, a casino may, in accordance with the Bank Secrecy Act (BSA) and its implementing regulations, share a Suspicious Activity Report (SAR) that it has filed, or any … Continue Reading

Nevada’s “Fast Track” for New Gaming Devices

Prior to a gaming device being given final approval by the Nevada Gaming Commission, the device must successfully pass a “field trial.” This field trial allows the gaming device to be deployed in a casino and played by casino patrons. Upon the successful completion of the field trial, the Nevada Gaming Commission will consider granting … Continue Reading

Watch Out for Illegal Gambling in Your Casino

You own a casino. You have a license for gambling. You want to run a promotional sweepstakes tied to your member/loyalty cards. Consumers enter the drawing each time they use their member/loyalty card to gamble or to buy goods or services at your casino.  No problem, right? Maybe. The answer will depend on which state you are in. In Nevada, … Continue Reading

Brexit: Implications for the Gaming Industry

This note addresses the impact of Brexit on the gaming industry. It is one of a series of GTM Alerts designed to assist businesses in identifying the legal issues to consider and address in response to the UK’s referendum vote of 23 June 2016 to withdraw from the European Union. In particular, it considers the … Continue Reading

Rules Altered Governing Private Investment Ownership in Casinos

In March, the Nevada Gaming Commission approved Regulation 15C which changed Nevada’s requirements surrounding casino ownership by private equity funds, a move that could save those Nevada casino companies millions of dollars. Proponents of the changes believe the move will stimulate additional investment. Private equity firms and large financial institutions became an important ownership category … Continue Reading
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