May 26, 2020

Gulf States Gaming Law - December 2019

Commission Meeting Minutes

December 19 Meeting

The Mississippi Gaming Commission held its regular monthly meeting on Thursday, December 19, 2019, at 9:00 a.m. at the Jackson offices of the Mississippi Gaming Commission. Executive Director Allen Godfrey, Chairman Al Hopkins, and Commissioners Jerry Griffith and Tom Gresham were in attendance. The following matters were considered:

LICENSING

The Commission approved the issuance of licenses to the following:

  • Premier Entertainment Biloxi LLC d/b/a Hard Rock Hotel & Casino Biloxi as an Operator

  • Ainsworth Game Technology Limited as a Manufacturer and Distributor

  • Ainsworth Game Technology, Inc. as a Manufacturer and Distributor

  • Penn Sports Interactive, LLC as a Manufacturer and Distributor

  • Gaming Arts, LLC as a Manufacturer and Distributor

FINDINGS OF SUITABILITY

The Commission approved findings of suitability for the following persons:

  • William Christian Carstanjen, Chief Executive Officer, Churchill Downs Incorporated

  • Robert Leo Fealy, Director, Churchill Downs Incorporated

  • William Eugene Mudd, President and Chief Operating Officer, Churchill Downs Incorporated

  • Craig Jerome Duchossois, Director, Churchill Downs Incorporated

  • Tomoko Fujita, Glory, LTD., Director, Corporate Development and Business Planning, Glory Global Solutions, Inc.

  • Scot Alan McClintic, Vice President, Head of Sportsbook, Penn Sports Interactive, LLC

  • Cartamundi/The United States Playing Card Company:

    • Emile Jean Raymond de Cartier, Principal

    • Jean Louis de Cartier, Principal

    • Raoul de Cartier, Principal

    • Istvan Margereta Lagaert, Principal

    • Stefaan Damiaan Luc Merckx, Principal

    • Dimitri Philippe de Somer, Principal

    • Frederic Christian Jean Marie de Somer, Principal

    • Jean Marie Joseph Auguste Hubert de Somer, Principal

    • Philippe Edmond Marie Hubert Jean de Somer, Principal

    • Philip Pierre Wauters, Principal

    • Stichting Aquila, as a Greater than 5% Shareholder

    • Almish SDC, as a Greater than 5% Shareholder

    • Line-Management BVBA, as a Greater than 5% Shareholder

    • ASSaPP NV, as a Greater than 5% Shareholder

    • ESPPAS SDC, as a Greater than 5% Shareholder

  • Masumi Fujisawa, Member of Board of Directors, Aruze Gaming America, Inc.

  • Hiromi Okada, Member of Board of Directors, Aruze Gaming America, Inc.

  • Neil Gregory Chatfield, Chairman of the Board, Aristocrat Leisure Limited

  • Anthony Paul Rodio, Sr., Chief Executive Officer, Caesars Entertainment Corporation

  • Stephen Sutherland, President and Chief Executive Officer, Konami Gaming, Inc.

  • Steven Joseph Murray, Director, Draft Kings

OTHER APPROVALS

  • Ainsworth Game Technology Limited and Ainsworth Game Technology, Inc. received approval of the following:

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

    • Exemption from Mississippi Code Annotated § 75-76-207(1) and (4) (1972)

    • Shelf offering approval

  • Penn Sports Interactive, LLC received approval for the following:

    • Registration of Penn Interactive Ventures, LLC as a Holding Company of Penn Sports Interactive, LLC

    • Waiver of the Legend Requirement

    • Registration of Penn National Gaming, Inc. as a Publicly Traded Corporation of Penn Sports Interactive, LLC

  • The United States Playing Card Company received approval of the following:

    • Transfer of the Equity Interests or Securities of Bicycle Holding, Inc.

    • Registration of each of Carta Mundi, Inc.; Cartamundi NV; Van Genechten NV; and, Brepols Group NV as a Holding Company of The United States Playing Card Company

    • De-Registration of Jarden Corporation as a Holding Company of The United States Playing Card Company

    • De-Registration of Newell-Brands, Inc. as a Publicly Traded Corporation of The United States Playing Card Company

    • Waiver of the Legend Requirement

    • Pledges of Equity Interests or Securities

    • Imposition of Equity Restrictions Including Negative Equity Pledges

  • IGT – Redemption and Cancellation of the Equity Interests or Securities of B&D Holding S.p.A.

PROPOSED RULE ADOPTION

Proposed Rule Adoption – Public Notice – 13 Mississippi Administrative Code Pt. 3, R. 12.16. The Commission approved the adoption of the rule as published.

© 2020 Jones Walker LLP

TRENDING LEGAL ANALYSIS


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