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Gaming GuruGambling and the Law: Why retaliatory tariffs on playing cards?21 August 2018
The bad news for the legal gaming industry is that Canada and the European Union have imposed a 10% additional import tax on playing cards manufactured in the United States. The only good news, if you can call it that, is that China has so far not followed suit. The new added import taxes are expressly ... (read more)
Gambling and the Law: Professor Nelson Rose Speaking at the IMGL Autumn Conference16 August 2018
Among the topical discussions at IMGL’s Autumn Conference, we’ll be paying special attention to the Social Responsibility panel. I. Nelson Rose will join Sebastian Blohm, Global Head of Corporate & Legal Affairs at ZEAL Network SE and Chris Elliott, Solicitor at Wiggin LLP on the panel moderated by Cosmina ... (read more)
Gambling and the Law: Brooklyn Law review essay cites I. Nelson Rose24 July 2018
In a newly-published essay “Insiders, Outsiders, & Fair Access: Identifying Culpable Insider Trading” by Jonathan D. Glater, I. Nelson Rose’s seminal work Gambling and the Law is cited. Prof. Rose’s discussion of card-counters and other advantage blackjack players is used to help analyze what constitutes ... (read more)
Gambling and the Law: Macau and Las Vegas - Collateral Damage from Trump’s Trade War with China13 July 2018
President Donald Trump has escalated his trade war with China. Last week he announced that he intends to slap tariffs on another $200 billion of imports from China. Stock markets around the world fell dramatically, as did the value of China’s currency, the yuan. China responded, as it always does, with retaliatory tariffs on American produce and products. ... (read more)
What should daily fantasy sports do now?24 November 2015
The two big daily fantasy sports (DFS) operators, FanDuel and DraftKings, and their backers are, in the immortal words of former President George H.W. Bush, in "deep-doodoo." But lawyers with legal shovels can probably dig them out. As recently as last year, the DFS industry's problems were relatively insignificant. ... (read more)
Gambling and the Law: Court gets New Jersey sports betting wrong again19 August 2015
Last year, I wrote an article explaining why the federal Court of Appeal was incorrect in ruling New Jersey could not regulate sports betting. The same court has now got it wrong again, this time ruling that the Garden State cannot even deregulate sports betting. In other words, when it comes to sports betting, New Jersey may not regulate, and it may not not regulate. ... (read more)
Gambling and the Law: Are daily fantasy sports legal?19 May 2015
Technology is speeding up changes in the world of gaming. It took almost two centuries for poker to evolve from Straight Poker – five paper cards dealt face down with no draw – to Internet Hold ‘Em linking players using computers in different states and even on different continents. Decades passed before ... (read more)
Gambling and the Law: Is proxy play legal?12 May 2015
In a Very Important Person suite in a casino in Macau, a scene similar to the following is probably taking place at this very moment. The game, of course, is baccarat. Junket operator into a telephone headset: “OK. How much do you want me to bet on this hand?” High roller, from somewhere on the Chinese Mainland: “$100,000.” Junket operator: “OK. ... (read more)
Gambling and the Law: Culture clash9 June 2014
It is not easy to do business in Asia. Or in the U.S. This is especially true of heavily regulated businesses, like legal gaming. And the problems are compounded when an individual who is a product of one culture wants to expand into a foreign market. Sometimes, the barriers are structural. How, for ... (read more)
Gambling and the Law: Adelson's bad bet9 December 2013
The gaming industry won most of its battles at the ballot box, but lost the public relations war. In Maryland, voters passed Question 7, 52% to 48%. This will not only allow the five previously authorized slot casinos to add table games, it permits a giant sixth Las Vegas style casino, right next to Washington, DC. ... (read more)
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