Tag Archives: gtlaw

Proposed Nevada Legislation to Redefine a Gaming Device Manufacturer

On April 3, 2017, the Nevada Assembly Judiciary Committee passed Assembly Bill 75 (2017), which would, among other amendments, amend the current definition of who is a “manufacturer” of a gaming device, cashless wagering system, mobile gaming system, or interactive gaming system for use or play in Nevada. Currently, as defined, an entity that manufactures … Continue Reading

Effective April 3, 2017, USCIS Will Temporarily Suspend Premium Processing for All H-1B Petitions

Late Friday evening on March 3, 2017, The U.S. Citizenship and Immigration Services (“USCIS”) announced that it will temporarily suspend its premium processing service for all H-1B petitions, including CAP-subject H-1B petitions.  The temporary suspension will begin on Monday, April 3, 2017, and may continue for up to 6 months.  This procedural change is intended … Continue Reading

The Senate Narrows Employers’ Obligation to Accurately Record Work-Related Injury and Illness Records

On March 22, 2017, the Senate passed H.J. Resolution 83, a Congressional Review Act (CRA) resolution (Resolution) that cuts the Occupational Safety and Health Administration’s (OSHA) ability to cite an employer for failing to accurately record work-related injuries and illnesses from five years to six months.1 The resolution blocks and eliminates OSHA’s “Volks” final rule, … Continue Reading

EU Market Abuse Regulation – Implications for Non-European Debt Issuers

The Market Abuse Regulation (596/2014/EU) (MAR) came into force July 3, 2016 and is directly applicable in all EU Member States. MAR replaced the market abuse directive previously implemented (with many variations) in the national laws of each EU Member State. MAR, amongst other changes, extends the prohibition on insider dealing, unlawful disclosure of inside … Continue Reading

The Building Blocks of an Effective AML Compliance Program

A Q&A with Mark Clayton and Carl A. Fornaris, gaming attorneys, Greenberg Traurig LLP GGB: What are the basics of an effective AML compliance program? Fornaris: It consists of four key “pillars:” internal controls, such as policies and procedures; a compliance officer; employee training; and an annual independent audit that tests the effectiveness of the AML … Continue Reading

Greenberg Traurig Attorneys Spoke at the FIBA Anti-Money Laundering Compliance Conference

Greenberg Traurig was a proud sponsor and participant at the FIBA (Florida International Bankers Association) Anti-Money Laundering Compliance Conference on March 6 – 8 at the InterContinental Miami. Rudolph W. Giuliani, chair of the firm’s Cybersecurity, Privacy and Crisis Management Practice and former New York City Mayor, delivered the keynote address on how the 2016 … Continue Reading

Philadelphia Becomes the First City to Prohibit Employers from Asking Applicants About Salary History

Employers who just last year revised their application forms to eliminate initial questions about past arrests and convictions, now have to revise them again to remove questions regarding current and past salary. On Jan. 23, 2017, Philadelphia’s mayor signed a wage equity ordinance (the Ordinance) which prohibits, among other things, employers from asking job applicants … Continue Reading

GT Insights for Public Companies

SEC SEC Revisits Pay-Ratio and Conflict Minerals Reporting Last week, the acting chair of the SEC, Michael Piwowar, reopened for public comment the Dodd-Frank pay-ratio rule, which mandates that companies disclose median worker pay and compare it with CEO compensation. The order comes only one week after Piwowar directed the SEC staff to reconsider its … Continue Reading

Coming Soon to a Worksite Near You: Site Visits and Form I-9 Audits

As part of its stated goal to protect the U.S. worker, President Trump’s administration will be increasing worksite enforcement activities. This likely means that there will be more site visits of companies utilizing visa programs and more Form I-9 audits of all employers. Site visits are handled by the Fraud Detection and National Security (FDNS) … Continue Reading

ICE VOX Holds Panel on the Role of Regulation in Creating a Healthy Gaming Market

On Feb. 7, ICE VOX in association with the International Association of Gaming Advisers held their World Regulatory Briefing in London. The event included a panel entitled “Talking Heads: What is the Perfect Regulatory Eco-System That Promotes Healthy Markets, Player Protection and Integrity for the Industry.” This panel served as part of an ongoing discussion … Continue Reading

Seven Privacy Tips & Recent Developments in Honor of Privacy Day

To celebrate Privacy Day (Jan. 28), here are updates on selected recent developments in cybersecurity and data privacy, as well as some tips on the use of personal information. 1. Internet of Things – Security by Design Devices connected to the internet (“IoT devices”) often have access to critical and highly personal information about their … 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

Construction Defects: Who Is Responsible for What?

A construction defect occurs whenever finished or partially completed construction fails to perform as required by applicable contract documents or accepted standards. It is the bridge whose cables flex and snap, the concrete that is understrength or structurally deficient, the roof that leaks, the adhesives that do not bond and the paint that peels, to … Continue Reading

IRS Does Not Reduce Winning Thresholds for Casino Information Reporting & Will Not Track Electronic Player Cards for Tax Purposes

In a major win for the gaming industry today, the Treasury Department published regulations that do not reduce winning thresholds for a casino’s tax information reporting obligations, and will not track electronic player cards for tax information purposes. Under current rules, a casino must file information returns on winnings of $1,200 or more on a … Continue Reading

The Potential for Unprecedented Use of the Congressional Review Act to Roll Back Obama Administration Rules

Much attention has been focused of late on the impact that the incoming president will have on President Obama’s executive orders and rulemaking relative to a great number of issues where the president determined that he could not work with the Republican Congress. President-elect Trump has repeatedly promised to ’roll back’ virtually all of the … Continue Reading

GT Insights for Public Companies

Governance ISS Releases 2017 Voting Policy Updates On Nov. 21, 2016, Institutional Shareholder Services, or ISS, released its voting policy updates for the 2017 proxy season.  This release followed ISS’ review of the results of its policy survey, which was summarized in the Oct. 31, 2016 edition of GT Insights.  The following is a brief … Continue Reading

10 TRENDS: Getting Better All the Time

When Jennifer Shasky-Calvery, at the time the director of the Financial Crimes Enforcement Network (FinCEN), addressed attendees at G2E 2013, she brought a stern message to the industry. She called for a complete culture change in the industry with a dedication to rooting out financial crimes… or else. Since then, Bank Secrecy Act (BSA) and anti-money … Continue Reading

OMB Fall Unified Regulatory Agenda- Improvement of the Employment Creation Immigrant Regulations (EB-5)

The Department of Homeland Security (DHS) released the Fall Unified Agenda, updating the Improvement of the Employment Creation Immigrant Regulations.  DHS has now moved the stage of rulemaking from “long-term actions” to “proposed rule stage.”  This new release also changes the date of the Notice of Proposed Rulemaking (NPRM) from “to be determined” to January … 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