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Gulf States Gaming - Commission Meeting Minutes August 23, 2019

Commission Meeting Minutes

August 22 Meeting

The Mississippi Gaming Commission held its regular monthly meeting on Thursday, August 22, 2019, at 9:00 a.m. at the Jackson offices of the Mississippi Gaming Commission. Executive Director Allen Godfrey, Chairman Al Hopkins, and Commissioner Jerry Griffith were in attendance. The following matters were considered:

LICENSING

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

  • The United States Playing Card Company as a Manufacturer and Distributor.

  • Betfair Interactive US LLC as a Manufacturer and Distributor.

FINDINGS OF SUITABILITY

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

  • Matthew Wallis King, Chief Executive Officer, FanDuel Group, Inc.

  • Samuel Philip Levin, Chief Operating Officer, FanDuel Group, Inc.

  • Paul Leighton Rushton, Chief Financial Officer, FanDuel Group, Inc.

  • Fastball Holdings LLC as a Greater than 5% Shareholder of FanDuel Group, Inc.

  • FanDuel Group, Inc.; TSE Holdings Limited; The Sporting Exchange Limited; and Betfair Group Limited each as a Holding Company of Betfair Interactive US LLC.

  • Flutter Entertainment plc as a publicly traded company of Betfair Interactive US LLC.

  • Brian Drew Haveson, Chief Executive Officer, Lightning Slot Machines, LLC

OTHER APPROVALS

  • The United States Playing Card Company received Continuous Approval of Public Offerings and/or Private Placements.

  • Betfair Interactive US LLC received approval of Waiver of Legend Requirement and Continuous Approval of Public Offerings and/or Private Placements.

DISCIPLINARY COMPLAINT

  • The Commission authorized the Executive Director to execute a Stipulation and Agreement Re:  Allen Godfrey, Executive Director of the Mississippi Gaming Commission v. SBTech Malta Limited.

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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