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The Mississippi Gaming Commission Meeting Minutes: December 16, 2016

The Mississippi Gaming Commission held its regular monthly meeting on Thursday, December 15, 2016, at 9:00 a.m. in 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 Mississippi Gaming Commission approved licenses for the following:

  • Premier Entertainment Biloxi LLC d/b/a Hard Rock Hotel 7 Casino Biloxi, as a gaming operator.

  • Ainsworth Game Technology Limited, as a manufacturer and distributor.

  • Gaming Arts, LLC, as a manufacturer and distributor.

FINDINGS OF SUITABILITY

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

  • Peter W. Ahl, Managing Director of H/2 Capital Partners LLC.

  • Steven K. Palmer, Managing Director of H/2 Capital Partners LLC.

  • Claudio M. Demolli, Senior Vice President and Treasurer of IGT.

  • Eric L. Press, Secretary of Hamlet Holdings LLC.

  • Michael A. Hart, Senior Vice President and Treasurer of Isle of Capri Casinos, Inc.

OTHER APPROVALS

  • Ainsworth Gaming Technology—Renewal of Shelf Offering Approval and Other Approvals

    • Continuous Approval of Public Offerings and/or Private Placements

    • Pledges of Equity Interests or Securities

    • Imposition of Equity Restrictions including Negative Equity Pledges

    • Guarantee of Securities and Hypothecation of Assets

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

    • Exemption from Miss. Code Ann. Section 75-76-207(1) and (4)

  • Majestic Holdco, LLC—Transfers of Units

  • Incredible Technologies, Inc.—Transfer of Shares

  • Penn National Gaming, Inc.—Pledges of Equity Interests or Securities and Imposition of Equity Restrictions including Negative Equity Pledges for a new financing

  • New Game Approval for “Over/Under”

PLAYER DISPUTE

The Commission approved the recommendation of the Executive Director to accept the hearing officer’s decision with respect to the following:

  • Player Dispute Hearing – Eric Anderson vs. RIH Acquisitions MS II, LLC d/b/a Bally’s Saloon Hotel & Gambling Hall

PUBLIC COMMENTS 

None.

© 2023 Jones Walker LLPNational Law Review, Volume VI, Number 351
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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...

601.949.4839
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