February 4, 2023

Volume XIII, Number 35

Advertisement

February 03, 2023

Subscribe to Latest Legal News and Analysis

February 02, 2023

Subscribe to Latest Legal News and Analysis

February 01, 2023

Subscribe to Latest Legal News and Analysis
Advertisement

Rules Altered Governing Private Investment Ownership in Casinos

In March, the Nevada Gaming Commission approved Regulation 15C which changed Nevada’s requirements surrounding casino ownership by private equity funds, a move that could save those Nevada casino companies millions of dollars. Proponents of the changes believe the move will stimulate additional investment.

Private equity firms and large financial institutions became an important ownership category in Nevada over the past decade, investing an estimated $50 billion into the state’s gaming industry. Historically, due to the licensing requirements, a private equity fund could functionally only invest in a publicly traded corporation. Regulation 15C has created a licensing structure that should allow private equity funds that meet certain thresholds to invest in privately held gaming companies.

©2023 Greenberg Traurig, LLP. All rights reserved. National Law Review, Volume VI, Number 178
Advertisement
Advertisement
Advertisement

About this Author

Mark Clayton, Greenberg Traurig Law Firm, Las Vegas, Gaming Law Attorney
Shareholder, Practice Co-Chair

Mark A. Clayton is an attorney the Global Gaming Practice and has wide-ranging experience in the gaming industry and focuses his practice on gaming operational and regulatory matters, including those related to land-based gaming, internet gaming and the manufacturing and distribution of gaming equipment. He also focuses on legislation and regulatory projects and represents clients with gaming matters in U.S. and international jurisdictions. Prior to joining the firm, Mark served as counsel for three casino corporations. He is a former member of the Nevada Gaming Control...

702-599-8006
Advertisement
Advertisement
Advertisement