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Gulf States Gaming - Commission Meeting Minutes

June 20 Meeting

The Mississippi Gaming Commission held its regular monthly meeting on Thursday, June 20, 2019, at 9:00 a.m. at the Beau Rivage Resort & Casino, 875 Beach Blvd., Camellia Room, Biloxi, MS. Executive Director Allen Godfrey, Chairman Al Hopkins, and Commissioners Jerry Griffith and Tom Gresham were in attendance. The following matters were considered:

Comments Of Chairman Al Hopkins Regarding Employment And Other Opportunities For Mississippi Residents And Businesses

Chairman Hopkins opened the meeting with remarks concerning the Commission’s new emphasis during licensing and relicensing of a casino property with respect to demonstration of compliance with Title 13: Part 2: Licensing: Chapter 1: Applications, Rule 1.2 Other Commission Considerations for Licensing, which states in relevant part (emphasis added):

(k) Economic development. The Commission will consider whether the proposed operation will maximize economic development. The operation, to the extent practicable, should exhibit a good faith effort to choose Mississippi businesses and residents in the awarding of contracts for goods, services and entertainment. The applicant shall demonstrate to the Commission all efforts made to complywith this regulation at the time of the initial licensing and all subsequent licensures.

(m) Employment opportunities. The Commission will consider thenumber and quality of employment opportunities for Mississippians created and promoted by the proposed operation. The applicant shall demonstrate to the Commission all efforts made to comply with this regulation at the time of the initial licensing and all subsequent licensures.

Licensing

The Commission approved the issuance of a license to the following:

  • Coast Gaming Supply, Inc. approved as a manufacturer and distributor

  • Japan Cash Machine Co., Ltd. and JCM American Corporation approved as a manufacturer and distributor

  • JCM American Corporation approved as a manufacturer and distributor

  • KGM Gaming, LLC approved as a manufacturer and distributor

  • SW Gaming LLC approved as a gaming operator

Findings Of Suitability

The Commission approved findings of suitability for the following persons and entities:

  • Travis R. Lunn, President of Beau Rivage Resorts, LLC d/b/a Beau Rivage & MGM Resorts Mississippi, LLC d/b/a Gold Strike Casino Resort)

  • John M. McManus, Executive Vice President, General Counsel of MGM Resorts, Inc.

  • Terrence P. Downey, Member of Board of Managers of Premier Entertainment Biloxi LLC d/b/a Hard Rock Casino Hotel

  • James L. Milne, General Manager of IOC – Luda, Inc. d/b/a Isle of Capri Entertainment Resort

  • Damjan Semec, Gaming Technologies Manager of Slovenian Institute of Quality and Metrology

  • Jacqueline S. Hunter, Director of Technical Compliance of Scientific Games Corporation

  • Nicholas J. Rodgers, Chief Financial Officer of SW Gaming LLC d/b/a Harlow’s Casino Resort & Spa

Site Approval

The Commission granted site approval to the proposed gaming site of Biloxi House, LLC, located at the old Margaritaville Casino site. The project will include a twelve story hotel, a 500 space parking garage and three restaurants.

Work Permits

The Commission adopted the hearing officer’s decisions with respect to the work permit of Laquiria Rutherford.

OTHER APPROVALS:

  • Japan Cash Machine Co., LTD. and JCM American Corp. also received the following approvals:

    • Exemption from 13 Mississippi Administrative Code Par 2 Rule 8.5(a) and (b) – Corporate Licenses

    • Exemption from Mississippi Code Annotated §75-76-207(a) and (4) (1972)

    • Shelf offering approval

  • IGT received approval for the transfer of the equity interests or securities of a related party.

  • Churchill Downs, Inc. received shelf offering approval.

© 2019 Jones Walker LLP

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About this Author

Thomas Shepherd, Gaming Attorney, IAGA President, 2014, Jones Walker Law FIrm
Partner

Tommy Shepherd is a partner in the firm’s Business and Commercial Transactions Practice Group. As an accomplished gaming attorney, he served as President of the International Association of Gaming Advisors (IAGA) in 2014.

Tommy represents major casino companies, Native American tribes, manufacturers, suppliers, and financial institutions regarding all matters relating to the development, financing, licensing and operation of gaming and resort facilities. His extensive experience in such matters includes public-private leases, financings, land use approvals, statutory and regulatory...

601.949.4711
Chris Pace, Business, Commercial Transactions Attorney, Jones Walker Law FIrm
Partner

Chris Pace is an attorney in the firm's Business & Commercial Transactions Practice Group and practices from the firm's Jackson office. He concentrates his practice in the areas of project finance and economic development law, state and local government law, economic development incentives and gaming law.

His clients include both county and municipal governmental bodies, as well as new and expanding business concerns such as a large steel company investing over $1 billion in a new facility, and a new regional beverage supplier investing millions of dollars to expand its existing operations. Mr. Pace has negotiated and documented various economic incentives including property, sales, use, income, and franchise tax incentives, and other incentives related to tax exempt and taxable bond financing. In the course of his work, he has assisted clients in negotiating and implementing incentives with the Mississippi Development Authority, the Mississippi Department of Revenue, and other state and local governmental entities. Mr. Pace has also negotiated and implemented economic incentives with numerous county and city governments, including the implementation of complex fee-in-lieu of property tax agreements which are available only for projects involving investments of $100 million or more.

601.949.4839