The slot game, originally intended as a diversion for table game players, became immensely popular and now occupies more than 80 percent of casino floor, producing about 70 percent of gaming revenues. In 2009, Nevada casinos won $10.392 billion, of which slots accounted for $6.823 billion, table games $3.424 billion, poker rooms $145.6 million, sports books $17.4 million and race books $4.1 million.
This article discusses how copyrights play an important role in the construction and operation of casinos and the manufacture of electronic gaming machines (EGMs), and how even a basic understanding of copyrights by casino management and EGM manufacturers can avoid unnecessary, lengthy and expensive litigation. This article provides basic answers to five questions.
Under the Department of Labor’s regulations, employers must be aware of the possibility of fighting an employee’s whistleblower claim under the Sarbanes-Oxley Act on two fronts—before a federal agency and in the federal courts.
While the gaming industry has many dirty little “open” secrets among its members, many individuals turn to uppers and downers (including sleeping pills) to dovetail their biological clock with the clockless casino lifestyle. If a player isn’t drinking but seems pretty “out of it,” should the casino continue to let him play? Sleeping pills and other prescriptions are creating new legal and ethical issues on the gaming floor.
In Part III of this series, we discussed an approximate formula for calculating an equivalent rebate on actual losses in baccarat. Now we will use a method of repeated random sampling called a “Monte Carlo simulation” to assess the accuracy of the results of this formula. We will also propose an alternative method for calculating rebates on actual loss.
Newly amended Nevada gaming regulations allow institutional investors to own up to 25 percent of any class of a publicly traded company’s voting securities without having to obtain a license or finding of suitability. On Jan. 21, 2010, the Nevada Gaming Commission (NGC) unanimously adopted amendments to NGC Regulation 16.
I’ve seen the future of gaming! I don’t mean to say that I understand all the ins and outs of all casinos-to-be, but I do understand what the gaming floor will look like. This is something that the Sustainable Gaming Standards Committee discusses each time we meet.
The United States Court of Appeals for the Third Circuit’s decision in Erdman v. Nationwide Insurance Co. provides much-needed guidance to employers on several Family and Medical Leave Act (FMLA) and Americans with Disabilities Act (ADA) issues.
During the late fall of 2009, congressional Democrats introduced the Foreign Account Tax Compliance Act (FATCA). FATCA, which perhaps not unintentionally has a moniker that is strikingly close to “Fat Cat,” has gained considerable attention in the financial sector. FATCA would, in addition to other provisions, impose tax-withholding obligations on certain payments made to offshore accounts and non-U.S. entities.
There is so much “going around” (pardon the pun) about H1N1, it is hard to be sure which strategies are the best to employ, especially in a casino environment. We can hardly shock our patrons by requiring all our team members to wear masks and have a container of disinfectant wipes on the gaming table. Following are a few key points that should help you navigate the murky waters of dealing with H1N1 in your establishment.
