HomeWebcastWhat’s In and Out For Gambling and Gaming Law? Recent Trends, Updates and Developments in 2019
Online CLE Gambling Law CLE

What’s In and Out For Gambling and Gaming Law? Recent Trends, Updates and Developments in 2019

Live Webcast Date: Tuesday, July 30, 2019 from 3:00 pm to 5:00 pm (ET)
CLE Gambling LawLive Webcast
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Add to Calendar 07/30/2019 2:00 pm 07/30/2019 5:00 pm America/New_York The Knowledge Group Webinar: What’s In and Out For Gambling and Gaming Law? Recent Trends, Updates and Developments in 2019 The event starts in an hour. If you have not registered, please go to the link below to sign up today.https://www.theknowledgegroup.org/checkout/?add-to-cart=132366\r\n Over the years, the gambling and gaming industry has become an enormous source of taxes for individual states. However, with the new Wire Act opinion letter from the Department of Justice (DOJ), this could possibly change. In January 2019, the DOJ backpedaled on its nine-year opinion declaring that Wire Act, a federal law that bans interstate money transactions, is only applicable to sports gambling. With the legislation’s recent extension to all forms of gambling, certain industry sectors are expected to be affected. Gaming attorneys and other professionals should keep an eye on this change as well as on other regulatory updates in this field of law to ensure the compliance of their clients. \n \nThe gaming industry is epitomized by its ostentatious, lucrative casinos, but with great prosperity comes a price – regulatory control. States traditionally have been vested with the authority to regulate gaming activity within their borders. Enforcement of this regulatory structure typically is led by a gaming commission, which has the power to issue gaming licenses, generally after a review of suitability, and to closely monitor compliance with state law leading up to and during operation. When gaming operators overstep their bounds, they are at risk for strict penalties, including limitations on the operation, significant monetary fines, or even loss of license. Wynn Resorts is a recent example of a gaming company that strayed too far outside of the confines of regulatory control and suffered the consequences. \n \nJoin a panel of key thought leaders and professionals assembled by The Knowledge Group as they provide the audience with an in-depth analysis of the implications of the DOJ’s revised Wire Act interpretation and how Wynn Resorts’ compliance missteps resulted in record fines from state gaming commissions and a narrow miss at losing its ability to operate a casino \n \nThe panel will also provide a thorough discussion of the best compliance practices in light of the change in the Wire Act, Wynn’s regulatory challenges, and other recent developments. \n \nSome of the major topics that will be covered in this course are: \n \n \n The DOJ’s Wire Act Interpretation – Then and Now \n Wynn Resorts – A Compliance Test Case \n Regulation of Sports Wagering \n Other Recent Developments \n Potential Regulatory Challenges \n Best Compliance Practices \n What Lies Ahead \n https://www.theknowledgegroup.org/webcasts/gambling-law-2019/

Online CLE Gambling Law

Join us for this Knowledge Group Online CLE Gambling Law Webinar. Over the years, the gambling and gaming industry has become an enormous source of taxes for individual states. However, with the new Wire Act opinion letter from the Department of Justice (DOJ), this could possibly change. In January 2019, the DOJ backpedaled on its nine-year opinion declaring that Wire Act, a federal law that bans interstate money transactions, is only applicable to sports gambling. With the legislation’s recent extension to all forms of gambling, certain industry sectors are expected to be affected. Gaming attorneys and other professionals should keep an eye on this change as well as on other regulatory updates in this field of law to ensure the compliance of their clients.

The gaming industry is epitomized by its ostentatious, lucrative casinos, but with great prosperity comes a price – regulatory control. States traditionally have been vested with the authority to regulate gaming activity within their borders. Enforcement of this regulatory structure typically is led by a gaming commission, which has the power to issue gaming licenses, generally after a review of suitability, and to closely monitor compliance with state law leading up to and during operation. When gaming operators overstep their bounds, they are at risk for strict penalties, including limitations on the operation, significant monetary fines, or even loss of license. Wynn Resorts is a recent example of a gaming company that strayed too far outside of the confines of regulatory control and suffered the consequences.

Join a panel of key thought leaders and professionals assembled by The Knowledge Group as they provide the audience with an in-depth analysis of the implications of the DOJ’s revised Wire Act interpretation and how Wynn Resorts’ compliance missteps resulted in record fines from state gaming commissions and a narrow miss at losing its ability to operate a casino

The panel will also provide a thorough discussion of the best compliance practices in light of the change in the Wire Act, Wynn’s regulatory challenges, and other recent developments.

Some of the major topics that will be covered in this course are:

  • The DOJ’s Wire Act Interpretation – Then and Now
  • Wynn Resorts – A Compliance Test Case
  • Regulation of Sports Wagering
  • Other Recent Developments
  • Potential Regulatory Challenges
  • Best Compliance Practices
  • What Lies Ahead

Agenda

Katherine A. Guarino, Attorney
Locke Lord LLP
  • Due to compliance missteps and undisclosed allegations of sexual misconduct against its founder, Wynn Resorts received record fines this year from two state gaming commissions.
  • Wynn is an instructive test case for what not to do as a gaming license and demonstrates the willingness of state gaming regulators to enforce restrictions on gaming operators within their borders, even those that are politically popular.
  • The Massachusetts Gaming Commission’s suitability review of Wynn, after allegations of sexual misconduct surfaced against Wynn’s founder, demonstrates the tension between allowing gaming companies to operate independently, including by exercising their own business judgment, and the ongoing requirement that gaming licensees maintain honesty and integrity, and demonstrate good business practices and financial stability and integrity in order to operate in the Commonwealth.

Timothy J. Lowry, Partner
DLA Piper LLP (US)

Elizabeth Kelley Cierzniak, Partner
Faegre Baker Daniels LLP

Enforcement of the 1961 Wire Act in a Wireless Economy

  1. Legislative History
  2. The 2011 DOJ Wire Act Memo and Its Impact on the Development and Regulation of the Gaming Industry
  3. The 2018 DOJ Wire Act Opinion and Ensuing Litigation
  4. Looking Ahead: Collateral Damage and Unanswered Questions

Elizabeth G. McCurrach, Attorney
BakerHostetler LLP
  • The Supreme Court’s May 2018 decision in Murphy v. NCAA fundamentally changed the sports gambling landscape. With the overturn of PASPA, states now have the right to legislate for legalized sports gambling in their state. As states rush to market, myriad legal issues have arisen.
  • One of the main reasons states are citing to legalize gambling is an increase in state revenue which is being accomplished in two ways: taxation and licensing fees. States vary on their tax structure, though certain patterns are beginning to emerge with higher taxes on mobile betting amongst them. Concerning licensing fees, states vary wildly, anywhere from $2,000 to $10 million, with complex reasons motivating this divergence.
  • In July 2018, the NBA announced a partnership with MGM Resorts concerning the use of official league data. Other leagues followed suit, and sportsbooks’ required use of official league data is now codified into the laws of Tennessee and Illinois. However, one practice that could harm the leagues’ official data is courtsiding. Courtsiding involves transmitting information from the live event to beat the delay from television or other feeds. It has been used as a workaround by gambling institutions who do not want to pay for the data. A closer look at tennis provides a useful resource for learning more about best practices.
  • Illinois: A case study. In June 2019, Illinois took final steps towards legalizing sports gambling in the state. Their law is a patchwork of the many competing interests amongst the casino lobby, leagues, teams and legislators.

Who Should Attend

  • Criminal and Legal Lawyers
  • Gaming Attorneys
  • Online Gambling Operators and Regulators
  • Attorneys General
  • Counsel and Advisors
  • Criminal and Civil Litigators
  • Casino Owners
  • Other interested/related Professionals

Online CLE Gambling Law

Katherine A. Guarino, Attorney
Locke Lord LLP
  • Due to compliance missteps and undisclosed allegations of sexual misconduct against its founder, Wynn Resorts received record fines this year from two state gaming commissions.
  • Wynn is an instructive test case for what not to do as a gaming license and demonstrates the willingness of state gaming regulators to enforce restrictions on gaming operators within their borders, even those that are politically popular.
  • The Massachusetts Gaming Commission’s suitability review of Wynn, after allegations of sexual misconduct surfaced against Wynn’s founder, demonstrates the tension between allowing gaming companies to operate independently, including by exercising their own business judgment, and the ongoing requirement that gaming licensees maintain honesty and integrity, and demonstrate good business practices and financial stability and integrity in order to operate in the Commonwealth.

Timothy J. Lowry, Partner
DLA Piper LLP (US)

Elizabeth Kelley Cierzniak, Partner
Faegre Baker Daniels LLP

Enforcement of the 1961 Wire Act in a Wireless Economy

  1. Legislative History
  2. The 2011 DOJ Wire Act Memo and Its Impact on the Development and Regulation of the Gaming Industry
  3. The 2018 DOJ Wire Act Opinion and Ensuing Litigation
  4. Looking Ahead: Collateral Damage and Unanswered Questions

Elizabeth G. McCurrach, Attorney
BakerHostetler LLP
  • The Supreme Court’s May 2018 decision in Murphy v. NCAA fundamentally changed the sports gambling landscape. With the overturn of PASPA, states now have the right to legislate for legalized sports gambling in their state. As states rush to market, myriad legal issues have arisen.
  • One of the main reasons states are citing to legalize gambling is an increase in state revenue which is being accomplished in two ways: taxation and licensing fees. States vary on their tax structure, though certain patterns are beginning to emerge with higher taxes on mobile betting amongst them. Concerning licensing fees, states vary wildly, anywhere from $2,000 to $10 million, with complex reasons motivating this divergence.
  • In July 2018, the NBA announced a partnership with MGM Resorts concerning the use of official league data. Other leagues followed suit, and sportsbooks’ required use of official league data is now codified into the laws of Tennessee and Illinois. However, one practice that could harm the leagues’ official data is courtsiding. Courtsiding involves transmitting information from the live event to beat the delay from television or other feeds. It has been used as a workaround by gambling institutions who do not want to pay for the data. A closer look at tennis provides a useful resource for learning more about best practices.
  • Illinois: A case study. In June 2019, Illinois took final steps towards legalizing sports gambling in the state. Their law is a patchwork of the many competing interests amongst the casino lobby, leagues, teams and legislators.

Online CLE Gambling Law

Online CLE Gambling Law

Katherine A. GuarinoAttorneyLocke Lord LLP

Katherine Guarino is an attorney at the firm of Locke Lord in Boston.  Named by Massachusetts Lawyers’ Weekly as one of its “Up and Coming Lawyers,” Katherine represents businesses and individuals in a wide variety of complex civil litigation and is a trusted advisor in the areas of gaming law, higher education law, and public policy.  Katherine specializes in assisting gaming establishments and vendors to navigate the state and federal commercial and Indian gaming landscape and defending businesses and colleges and universities against claims such as breach of contract, tort, discrimination (including under Title IX), and unfair and deceptive trade practices in state and federal court. Katherine also represents business entities and individuals before Massachusetts employment administrative agencies and professional licensing boards, drafts legislation and initiative petitions, and provides regulatory guidance in the areas of education, conflicts of interest, and campaign finance, in addition to gaming.

Online CLE Gambling Law

Timothy J. LowryPartnerDLA Piper LLP (US)

Tim Lowry is a Partner at DLA Piper and provides legal and strategic advice to domestic and multinational clients in the gaming, entertainment and hospitality industries who draw on his experience in complex commercial transactions, general litigation, real estate acquisitions and financing, privatization and concession agreements, and general corporate M&A work. Tim is a member of DLA Piper’s Global Media, Sports and Entertainment sector, where he also assists professional sport franchises, content providers and brands. Tim regularly represents state agencies and government units, real estate equity sponsors and funds, publicly-traded companies, energy generation companies, casino- and lottery-operating companies and high-net-worth investors. Aside from this corporate transactional practice, Tim counsels his clients in such specific subject matters as regulatory compliance, sweepstakes and marketing promotions, money service businesses, credit card and electronic payment processing, and the convergence between brick-and-mortar real estate development and Internet platforms in the gaming and lottery sector.

Online CLE Gambling Law

Elizabeth Kelley CierzniakPartnerFaegre Baker Daniels LLP

Faegre Baker Daniels Partner Libby Cierzniak represents corporations, trade associations and public sector clients in regulatory and government relations matters before the Indiana General Assembly and state agencies. She plays an active role in drafting and advocating for passage of legislation addressing education finance, taxation, gaming, professional regulation, health insurance and other issues. She has particular expertise in gaming law, counseling casino licensees and other gaming entities on a broad range of gaming regulatory matters including corporate financings, licensure, transfer of ownership and bankruptcy/restructuring. Libby recently authored the chapter on Indiana gaming law for The International Comparative Legal Guide to: Gambling 2019. Prior to joining FaegreBD, Libby spent 14 years in the political arena, serving as Communications Director for the Indiana Republican Party and as Publications Director for the Indiana Senate Republican Caucus.

Online CLE Gambling Law

Elizabeth G. McCurrachAttorneyBakerHostetler LLP

Online CLE Gambling Law

Course Level:
   Intermediate

Advance Preparation:
   Print and review course materials

Method Of Presentation:
   Live Webcast

Prerequisite:
   Basic knowledge of gambling laws

Course Code:
   148309

NY Category of CLE Credit:
   Law Practice Management

Total Credits:
    2.0 CLE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

Locke Lord is a full-service law firm with global reach and 20 offices designed to meet clients’ ‎needs in the United States and around the world. The Firm has a history that spans more than ‎‎130 years and is a leader in the middle market arena. Locke Lord focuses on providing the ‎highest levels of commitment, quality and service to clients across its five Key Sectors: Energy ‎and Infrastructure; Finance and Financial Services; Insurance and Reinsurance; ‎Pharmaceutical; and Private Equity. In addition, the Firm advises clients across a broad ‎spectrum of other industries, including fund formation, venture capital, health care, public ‎finance, real estate, technology, cybersecurity and white collar, while providing a wealth of ‎experience through its complex litigation, intellectual property, tax, regulatory and transactional ‎teams.‎

Website: https://www.lockelord.com/

DLA Piper is a global law firm with lawyers worldwide. It provides its clients with legal and business solutions locally, regionally and internationally using integrated teams of lawyers with experience that spans a broad range of disciplines. DLA Piper is widely recognized for its pioneering approach and extensive geographic reach, which enables the practice to look after the business issues that matter to its clients - whether they are large or small. Clients of DLA Piper include single-owner startups, local and household name companies, multinationals, financial institutions, FTSE and Fortune 500 enterprises and their subsidiaries, public bodies and governments.

Website: https://www.dlapiper.com

Faegre Baker Daniels is a full-service law firm dedicated to serving the legal needs of regional, national and international businesses. One of the 75 largest law firms headquartered in the U.S., FaegreBD’s locations span coast to coast, cover the heartland, and extend to the U.K. and China – with regional and national coordinating capabilities across hundreds of jurisdictions. FaegreBD collaborates to achieve clients’ objectives, bringing together the best-matched expertise and resources from across its global platform. The firm’s 750 legal and consulting professionals partner with clients ranging from emerging startups to multinational corporations, delivering advice customized to each company’s business needs.

Website: https://www.faegrebd.com

Katherine Guarino is an attorney at the firm of Locke Lord in Boston.  Named by Massachusetts Lawyers’ Weekly as one of its “Up and Coming Lawyers,” Katherine represents businesses and individuals in a wide variety of complex civil litigation and is a trusted advisor in the areas of gaming law, higher education law, and public policy.  Katherine specializes in assisting gaming establishments and vendors to navigate the state and federal commercial and Indian gaming landscape and defending businesses and colleges and universities against claims such as breach of contract, tort, discrimination (including under Title IX), and unfair and deceptive trade practices in state and federal court. Katherine also represents business entities and individuals before Massachusetts employment administrative agencies and professional licensing boards, drafts legislation and initiative petitions, and provides regulatory guidance in the areas of education, conflicts of interest, and campaign finance, in addition to gaming.

Tim Lowry is a Partner at DLA Piper and provides legal and strategic advice to domestic and multinational clients in the gaming, entertainment and hospitality industries who draw on his experience in complex commercial transactions, general litigation, real estate acquisitions and financing, privatization and concession agreements, and general corporate M&A work. Tim is a member of DLA Piper’s Global Media, Sports and Entertainment sector, where he also assists professional sport franchises, content providers and brands. Tim regularly represents state agencies and government units, real estate equity sponsors and funds, publicly-traded companies, energy generation companies, casino- and lottery-operating companies and high-net-worth investors. Aside from this corporate transactional practice, Tim counsels his clients in such specific subject matters as regulatory compliance, sweepstakes and marketing promotions, money service businesses, credit card and electronic payment processing, and the convergence between brick-and-mortar real estate development and Internet platforms in the gaming and lottery sector.

Faegre Baker Daniels Partner Libby Cierzniak represents corporations, trade associations and public sector clients in regulatory and government relations matters before the Indiana General Assembly and state agencies. She plays an active role in drafting and advocating for passage of legislation addressing education finance, taxation, gaming, professional regulation, health insurance and other issues. She has particular expertise in gaming law, counseling casino licensees and other gaming entities on a broad range of gaming regulatory matters including corporate financings, licensure, transfer of ownership and bankruptcy/restructuring. Libby recently authored the chapter on Indiana gaming law for The International Comparative Legal Guide to: Gambling 2019. Prior to joining FaegreBD, Libby spent 14 years in the political arena, serving as Communications Director for the Indiana Republican Party and as Publications Director for the Indiana Senate Republican Caucus.

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