GLG News by Gaming and Casino Industry Experts: Lawyers (US)

By criminalizing the building/lending practices of Beazer, the US Attorney is creating a roadmap for prosecutions in other parts of the country where a combination of poor state regulatory oversight coupled with tenuous federal jurisdiction have contributed to the still emerging mortgage crisis. ...

The Gaming Board is asking that the court order losing casino applicants to post enormous bonds to continue their suits.  This forces courts to decide whether casino openings should continue to be held up.

Rep. Barney Frank wants to repeal last year's Unlawful Internet Gambling Enforcement Act, which devastated companies like PartyGaming, Sporting Bet and 888 Holdings. This isn't going to happen, not while Bush is President. But it will help push for an 18 month study, which will then bring changes to...

Texas is seriously thinking about commercial casinos and racinos. But a bill would have to be approved by the legislature and voters, which is not likely. It does lay the groundwork for a more moderate expansion.

The Department of Justice wants everyone to believe they are going to arrest investors, especially underwriters, who helped Internet gaming companies go public. History shows there is little chance the DOJ will actually follow up on its threats. And the timing of this attack is not a coincidence.

Following the arrests of its founders, Neteller now won’t handle bets from the U.S. Neteller itself will probably not be fined or sued. Internet gaming companies will take a short-term hit.

1. The Department of Interior has issued regulations that would allow the Florida Seminole Tribe to deploy Class III (Vegas-style) slot machines if the State of Florida fails to reach an agreement with the Tribe within 60 days.2. The decision increases the likelihood that the Seminole Tribe will get...