Tuesday, July 17, 2018

Leagues Respond To NJ Sports Betting Lawsuit: We Don’t Owe Anything

Leagues Respond To NJ Sports Betting Lawsuit: We Don’t Owe Anything
nj sports betting lawsuit

The brief filed with the US District Court of New Jersey opposes NJTHA's claim of $150M in damages owed and outlines four reasons why the NJ sports betting lawsuit "must be denied."

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Mandalay Bay Owner Sues October 1 Mass Shooting Victims, Seeks Liability Protection

Casino News Daily
Mandalay Bay Owner Sues October 1 Mass Shooting Victims, Seeks Liability Protection

Las Vegas casino giant MGM Resorts International is suing over 1,000 victims of last year’s Mandalay Bay mass shooting in a bid to avoid liability claims, local news outlet Las Vegas Review-Journal reports.

The company has filed lawsuits in Nevada and California courts arguing that it should not be held liable for the October 1 incident, which involved a lone gunman carry out the deadliest mass shooting in America’s contemporary history. On October 1, 2017, Stephen Paddock opened fire from his suite on the 32nd floor of Mandalay Bay into a crowd that was attending the Route 91 Harvest open-air music festival. Paddock fired a rapid barrage of bullets into more than 22,000 concert-goers to kill 58 and wound more than 500. He then shot himself just ahead of police arrival.

MGM owns both the Mandalay Bay casino resort and the Route 91 Harvest festival venue. In its federal court lawsuits, the company argued that any claims against it “must be dismissed” as under a 2002 federal act, it had no liability to victims of the mass shooting.

MGM claimed that it was protected from liability under the 2002 law as the company was using anti-terrorism technology to prevent or respond to any form of mass violence. According to the gaming and hospitality giant, the company it had hired to oversee security at the Route 91 music festival could not be held liable as it had obtained the necessary certifications from the Department of Homeland Security for protection and responding to any act of mass violence and destruction. MGM further pointed out that the liability protection extended to itself as it had hired the security firm.

October 1 Shooting Not Act of Terrorism

Responding to the lawsuits, Las Vegas attorney Rober Eglet told media that the grounds presented by MGM were “obscure” and were on the verge of unethical. Mr. Eglet has been representing some of the victims of the October 1 shooting.

The act cited by MGM in its lawsuits was adopted a year after the 9/11 attacks and included a number of protections from liability. Under the legal piece, any act of mass destruction, major loss, and injury was defined as terrorism.

Here it is important to note that the October 1 shooting was not defined as an act of terrorism by the FBI as Paddock’s motive has remained unidentified which has presented the case from being solved. The FBI identifies terrorism as an act of violence that is triggered by extreme ideologies of racial, political, religious, or environmental nature.

MGM is not seeking money damages from the victims of the shooting. The company pointed out that it only wanted to be cleared of liability and that years of litigation would not be of the best interest of the victims.

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Pennsylvania Casino Operators Finally Reserve Their Spots on iGaming Scene

CasinoGamesPro.com
Pennsylvania Casino Operators Finally Reserve Their Spots on iGaming Scene

Pennsylvania has been putting a lot of work into its online gambling field, but up until this week, there had not been a considerable interest in iGaming licenses applications from local casino developers and operators. Now that the deadline for application has arrived interest has been expressed and several companies claimed their license for online […]

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Caesars Breaks Ground on LV Convention Center, Applies for NJ Betting License, Acquires Two Indiana Casinos

Casino News Daily
Caesars Breaks Ground on LV Convention Center, Applies for NJ Betting License, Acquires Two Indiana Casinos

Gaming and hospitality giant Caesars Entertainment Corp. broke ground on Monday on a $375-million, 550,000-square-foot conference center as part of its strategy to further expand its operations beyond casino gambling.

CAESARS FORUM will be constructed on a single level and will feature what the operators said would be the world’s two largest pillarless ballrooms. The conference complex will also include 110,000 square feet of outdoor meeting and event space, a first for Las Vegas, six boardrooms, and two ballrooms, each one occupying 40,000 square feet.

Caesars is building its new venue on a portion of land located not far from its hotel and casino properties as well as the LINQ Promenade retail center.

The convention center is expected to be completed and opened in 2020. The company said yesterday that the construction stage will create more than 1,000 jobs, while 450 permanent jobs will be generated once the property is operational.

Demand for convention space in Las Vegas has been growing rapidly over the past several years and according to a report Morgan Stanley, existing space in the city is almost fully utilized. Caesars’ CAESARS FORUM will add 550,000 square feet of available space. A number of other gaming and hospitality operators have too undertaken convention facility construction projects in a bid to respond to and take advantage of the need for more space for meetings, conventions, and other business events.

A total of 2.147 million square feet of space are expected to be added to Las Vegas’ existing 11.5 million square feet over the next several years. MGM Resorts International is set to open a 77,000-square-foot facility at Park MGM, which will open doors later this year, and 250,000 square feet of space at MGM Grand, slated for late 2018/early 2019 opening.

In addition, Wynn Resorts will launch Wynn Paradise Park with 400,000 square feet of convention space in 2020 and Genting’s Resorts World Las Vegas, currently under development on the Strip’s northern end, will feature 150,000 square feet of convention space. The latter property will too open doors in 2020. Later that year, the Las Vegas Convention Center will launch its expanded operation with 750,000 square feet of space.

Caesars Closes Casino Deal in Indiana

In a separate round of news Caesars confirmed that it has completed the $1.7 billion acquisition of two gambling properties in Indiana. After the company was given the green light by the Indiana Gaming Commission earlier this month, it was able to move forward with the planned purchase of Hoosier Park Racing and Casino in Anderson, and Indiana Grand Racing and Casino in Shelbyville from local gaming company Centaur Holdings.

The transaction was completed after several months of uncertainties as Caesars and Centaur contested a requirement to pay a $50-million transfer fee. Under state gaming laws, a company that sells its gaming properties is required to pay the transfer fee unless the sale is the result from a bankruptcy proceeding or under very limited number of other circumstances.

Caesars and Centaur maintained that the fee did not apply to their deal, while gaming commissioners insisted that it should be paid in order for the transaction to be given regulatory approval. It emerged earlier this month that the involved parties have reached an agreement and that the transfer fee would be paid.

Caesars Seeks Sports Betting License for Its Atlantic City Business

New Jersey news outlets reported Monday that Caesars was among the companies to have applied for sports betting licenses from the state Division of Gaming Enforcement ahead of the upcoming football season in September.

It is understood that the Las Vegas gaming giant has submitted an application for the provision of in-person sports betting services at its Harrah’s and Bally’s properties and for mobile betting across its three Atlantic City properties, Caesars Atlantic City included.

The operator will thus be able to join a handful of companies to have already launched sports betting in New Jersey, following mid-May’s annulment of a long-standing federal ban on sports betting and June’s legalization of the activity by New Jersey lawmakers. Ocean Resort Casino, the Borgata, and Meadowlands Racetrack were the first state properties to open sports books.

According to official data released by the New Jersey Division of Gaming Enforcement, the amount of $16.4 million was wagered by customers of the three properties during the first 17 days of legal sports betting in the state.

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