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Mississippi Gaming Commission Meeting Minutes: November 16, 2017

The Mississippi Gaming Commission held its regular monthly meeting on Thursday, November 16, 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:

LICENSING

The Mississippi Gaming Commission approved the following licenses and permits:

  • Reel Games, Inc. as a Manufacturer and Distributor

  • Midwest Game Supply Company as a Manufacturer and Distributor

  • IGT as a Manufacturer and Distributor and Multi-Site Wide Area Progressive Operator

FINDINGS OF SUITABILITY

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

  • Andrea Boroli, Director of majority shareholder of IGT.

  • Gerald M. Mavar, Sr., member of Mavar Properties, LLC, landlord of Grand Casinos of Biloxi, LLC d/b/a Harrah’s Gulf Coast

  • John S. Mavar, Sr., member of Mavar Properties, LLC, landlord of Grand Casinos of Biloxi, LLC d/b/a Harrah’s Gulf Coast

  • Nicholas A. Mavar, Jr., member of Mavar Properties, LLC, landlord of Grand Casinos of Biloxi, LLC d/b/a Harrah’s Gulf Coast

  • Sam J. Mavar, Jr., member of Mavar Properties, LLC, landlord of Grand Casinos of Biloxi, LLC d/b/a Harrah’s Gulf Coast

  • Victor V. Mavar, Sr., member of Mavar Properties, LLC, landlord of Grand Casinos of Biloxi, LLC d/b/a Harrah’s Gulf Coast

  • N&N, LLC to receive a percentage of gross gaming revenue of Grand Casinos of Biloxi, LLC d/b/a Harrah’s Gulf Coast

  • CLH Properties, LLC to receive a percentage of gross gaming revenue of RIH Acquisition MS II, LLC d/b/a 1st Jackpot Casino

  • UOX, LLC to receive a percentage of gross gaming revenue of RIH Acquisition MS II, LLC d/b/a 1st Jackpot Casino

  • William J. Fair, Chief Financial Officer of Penn National Gaming Inc

  • Timothy J. Wilmott, Chief Executive Officer of Penn National Gaming Inc

  • Gregory Bosarge, Chief Financial Officer of Land Holdings I, LLC d/b/a Scarlet Pearl Casino Resort

OTHER APPROVALS

  • Transfers of the Equity Interests or Securities of Majestic Holdco, LLC – Majestic Mississippi, LLC d/b/a Fitz Casino Hotel

  • IGT –

    • Continuous Approval of Public Offerings and /or Private Placements including Pledges of Equity Interests or Securities, Imposition of Equity Restrictions including Negative Equity Pledges, and Guarantee of Securities and Hypothecation of Assets

    • Transfer and Cancellation of the Equity Interests or Securities of DeAgostini S.p.A.

  • Ainsworth Game Technology Limited and Ainsworth Game Technology, Inc. –

    • Transfer of Equity Interests or Securities of Ainsworth Game Technology, Inc. to AGT Pty Limited and

    • Transfer of Equity Interest or Securities of AGT Pty Limited to Ainsworth Game Technology Limited

WORK PERMITS

The Commission approved the recommendation of the Executive Director to accept the hearing officer’s decision to revoke the work permits of the following:

  • Toni Whitlock

  • Ryan O’Neal Jenkins

PLAYER DISPUTE

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

Jimmy Browning vs. Premier Entertainment, LLC d/b/a Hard Rock Hotel and Casino Biloxi

NOTICE OF PROPOSED Rule Adoption – Final Adoption

  • 13 Mississippi Administrative Code Pt 2, R. 8.23 (Institutional Investors)

PUBLIC COMMENTS 

None.

© 2017 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