Legalized Sports Betting in a Post-PASPA World – What You Need to Know
Sports betting in the U.S. paved its way to legalization in the first half of 2018, striking down the Professional and Amateur Sports Protection Act of 1992 (PASPA) that barred, if not limited, sports gambling and betting in most states in the country. For the past years, gambling and gaming activities in the U.S. are differently treated in every jurisdiction. With the Supreme Court of the United States’ (SCOTUS) PASPA repeal last May 2018, legalizing, regulating and allowing sports betting and gaming now lies on the hands of the individual states. Thus, potentially creating more opportunities for business growth and development. However, this does not come without risks and threats.
With this key trend affecting companies of all sizes, gaming companies and casinos should have a complete understanding of what this new regulatory development can offer as well as its potential impact on their business relations. They should also ensure legal mechanisms that would greatly complement the recent gaming industry.
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 recent trends and developments affecting the gaming industry. They will provide a thorough discussion of the fundamentals of gaming law post-PASPA. They will also go beyond the basics and provide best practices and practical tips to avoid common risks and pitfalls.
This LIVE webcast that will examine the most significant issues in the mix including:
- The Professional and Amateur Sports Protection Act of 1992: An Overview
- The Gaming Industry: Post-PASPA
- Identifying Risks and Pitfalls
- Common Red Flags
- Regulatory Challenges
- Opportunities and Limitations
- What Lies Ahead
Timothy J. Lowry, Partner
- The outcome of the Murphy decision, and its implications while also discussing other federal statutes that are implicated relative to the content that is sports wagering (e.g., Wire Act, UIGEA, IGBA, RICO, DOJ memos, etc.);
Peter C. Spier, Partner
Quarles & Brady LLP
- The rapid proliferation of state laws enabling intra-state sports betting (e.g., DE, NJ, NV, NM, MS, PA, and WV) with action likely to come in NY, RI, LA, IL, and IN, to name a few, and what those state statutes and/or regulations look like from a high-level perspective (content authorized/restricted, who may accept bets, tax rates, financial projections);
Bill Gantz, Partner
- What lies ahead, highlighting legislation or hearings pending before Congress (and/or other state legislators), with a high-level discussion of monetization issues/generic vs. proprietary data, financial projections, preemption, Indian Country implications, or other issues facing the stakeholders of the multi-billion dollar industry
Tim Lowry 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.
Tim has worked on a number of cross-border transactions, including projects in Canada, the Bahamas, Mexico, the Philippines and the United Kingdom. Before joining DLA Piper, he was corporate counsel to a multinational casino operator, maintaining key licenses in a number of jurisdictions and managing legal, regulatory and governance matters.
Tim Lowry provides legal and strategic advice to domestic and multinational clients in the gaming, entertainment and hospitality industries who …
Peter Spier is a Partner in Quarles & Brady's Business Law Group. He regularly represents gaming industry clients, including companies engaged in sports betting and e-sports, in mergers & acquisitions, debt and equity financings, and licensing matters, including frequently serving as outside general counsel for his clients. Peter has handled dozens of M&A transactions, including, most recently, serving as lead U.S. Counsel in the stock sale of the leading provider of sports betting data for the U.S. market to Scientific Games.
Peter is a frequent speaker and author on gaming matters. He has been named an "Illinois Leading Lawyer" in Gaming and Casino Law (as well as M&A, Privately Held Business Law and Securities & Venture Finance). Peter is a long-standing member of IAGA and in 2016, was one of only three U.S. attorneys to be bestowed with the "Excellence in Gaming Award" from Corporate LiveWire.
Peter Spier is a Partner in Quarles & Brady's Business Law Group. He regularly represents gaming industry clients, including companies …
Bill Gantz is a well-known speaker and authority on gaming law in the U.S. and serves as co-chair for Dentons' Gaming Sector practice. Since 2002, Bill has specialized in representing internet and mobile gaming clients in patent infringement litigation, patent and trademark prosecution, trademark infringement and opposition, patent landscape and "freedom-to-operate" analyses, non-practicing entity (NPE) claims, licensing and state and federal regulatory matters. Bill also regularly provides regulatory compliance and intellectual property advice to digital entertainment businesses offering igaming, social gaming, pay-to-play or "freemium" games, fantasy sports, esports, sports betting, skill games, sweepstakes, retail product promotions and lottery tickets. Bill is admitted to practice law in Illinois, Massachusetts and Rhode Island, as well as numerous federal district courts.
Bill Gantz is a well-known speaker and authority on gaming law in the U.S. and serves as co-chair for Dentons' …
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Method Of Presentation:
General knowledge of gaming law
NY Category of CLE Credit:
Areas of Professional Practic
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About DLA Piper
DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. We strive to be the leading global business law firm by delivering quality and value to our clients.
About Quarles & Brady LLP
Quarles & Brady is a multidisciplinary AmLaw 200 legal services provider with about 500 attorneys practicing at the top of the profession in Chicago, Indianapolis, Madison, Milwaukee, Minneapolis, Naples, Phoenix, Scottsdale, Tampa, Tucson, and Washington, D.C. Our national presence allows us to draw upon a group of highly skilled attorneys from all across the country to ensure the right people are working on our clients' matters. We have extensive experience working with the full industrial gamut, from cutting-edge technology to traditional manufacturing, and we have developed an extensive network of relationships with international legal counsel around the world, allowing us to effectively handle important matters for our clients on a global scale.
Dentons is the world's largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Referral Network. Dentons' polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work. www.dentons.com.