October 3, 2022

Volume XII, Number 276

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October 03, 2022

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Mississippi Gaming Commission Meeting Report: June 16 Meeting

The Mississippi Gaming Commission held its regular monthly meeting on Thursday, June 16, 2022, at 9:00 a.m. at the Jackson office. Executive Director Jay McDaniel, Chairman Al Hopkins and Commissioners Franc Lee (by phone) and Tom Gresham all participated. The following matters were considered:

LICENSING

The Commission approved the issuance of licenses to the following:

  • KGM Gaming, LLC, as a Manufacturer and Distributor 

  • Dynamic Gaming Solutions, LLC, as a Distributor 

  • Japan Cash Machine Co., Ltd., as a Manufacturer and Distributor 

  • JCM American Corporation, as a Manufacturer and Distributor 

  • SW Gaming LLC, as an Operator 

FINDINGS OF SUITABILITY

The Commission approved findings of suitability for the following persons or entities:

  • Mark Nathanial Larson – Dynamic Gaming Solutions, LLC

  • Jorn Arne Rees – Sportradar Solutions LLC

  • Jeffery William Yabuki – Sportradar Solutions LLC

  • Janis Jekabs Krumins – PT Mississippi Services Delaware LLC

  • Erik Daniel Logdberg – Sports Information Services Limited

OTHER APPROVALS

  • IGT

    • Issuance of the Equity Interests and Securities of De Agostini S.p.A.

    • Transfer of the Equity Interests and Securities of De Agostini S.p.A.

  • Japan Cash Machine Co., Ltd, and JCM American Corporation

    • 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)

    • Continuous Approval of Public Offerings and/or Private Placements

      • Pledges of Equity Interests and Securities

      • Imposition of Equity Restrictions including Negative Equity Pledges

      • Guarantee of Securities and Hypothecation of Assets

  • SW Gaming LLC d/b/a Harlow’s Casino Resort & Spa and Magnolia Hill, LLC d/b/a Riverwalk Casino and Hotel.

    • Continuous Approval of Public Offerings and/or Private Placements

      • Pledges of Equity Interests and Securities

      • Imposition of Equity Restrictions including Negative Equity Pledges

      • Guarantee of Securities and Hypothecation of Assets

  • Rule Adoption – Public Notice – 13 Mississippi Administrative Code Pt. 2, R. 1.4.

The Commission took no action, but Chairman Hopkins commented that the Staff would continue to work on considering a draft of a regulation for Commission review. No specifics were provided.

© 2022 Jones Walker LLPNational Law Review, Volume XII, Number 167
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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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