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The Mississippi Gaming Commission Meeting Minutes: November 17, 2016

The Mississippi Gaming Commission held its regular monthly meeting on Thursday, November 17, 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:

  • Boyd Tunica, Inc. d/b/a Sam’s Town Hotel & Gambling Hall, as a gaming operator.

  • Majestic Mississippi, LLC d/b/a Fitz Casino & Hotel Tunica, as a gaming operator.

  • Treasure Bay LLC d/b/a Treasure Bay Casino, as a gaming operator and a distributor.

FINDINGS OF SUITABILITY

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

  • Takatomo Imai, Director of JCM American Corporation d/b/a JCM Global.

  • Ryan M. Ross, Vice President of Marketing,  MGM Resorts Mississippi, Inc. d/b/a  Gold Strike Casino Resort.

  • Michael J. Carlotti, ‎SVP Treasurer of MGM Resorts International, Inc.

  • Stephanie D. Talley, Director of Finance, Grand Casinos of Biloxi, LLC d/b/a Harrah’s Gulf Coast.

  • Michael A. Quartieri, Executive Vice President and Chief Financial Officer of Scientific Games Corporation.

  • William I. Wright, Sr. Vice President of Operations of Boyd Central Region, Boyd Gaming Corporation.

  • William S. Boyd Gaming Properties Trust as a Greater than 5% Shareholder of Boyd Gaming Corporation.

OTHER APPROVALS

The Mississippi Gaming Commission approved the following:

  • Boyd Gaming Corporation—Renewal of Shelf Offering Approval

    • 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

WORK PERMITS

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

  • Shyneece Michelle Barnett

  • Tawanda Roberts

DISCIPLINARY COMPLAINT

The Commission approved the execution of the Stipulation and Agreement Re Allen Godfrey, Executive Director of the Mississippi Gaming Commission v. Golden Nugget Casino, including the payment of $5,000.

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