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Mississippi Gaming Commission Meeting Minutes: July 28, 2017

The Mississippi Gaming Commission held its regular monthly meeting on Thursday, July 27, 2017, at 9:00 a.m. in the Jackson office 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:

FINDINGS OF SUITABILITY

The Mississippi Gaming Commission approved a finding of suitability for the following person:

  • James Eugene Sablich, Jr., Chief Executive Officer of Coast Gaming Supply, Inc.

OTHER APPROVALS

  • AGS, LLC received approvals of pledges of equity interests in the imposition of equity restrictions including negative equity pledges in connection with a refinancing transaction.

GAMING SITE APPROVAL

  • RW Development—After seeking site approval for a third time on the same site, RW Development was again turned down by the Mississippi Gaming Commission. However, in a surprise move when the agenda item was called up for consideration, Chairman Al Hopkins announced that, under his own interpretation of the Mississippi Gaming Control Act and Supreme Court precedent, the Commission did not need a recommendation from the Executive Director to rule on site approvals. Chairman Hopkins moved for the approval of the RW site as legal; the motion failed for lack of a second. Chairman Hopkins then moved to deny RW its site approval, and this motion carried.

PUBLIC COMMENTS 

None.

© 2018 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