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Don't Bet Against PokerStars

By David J. Apfel Two seemingly separate events this month on back to back days – June 10-11, 2013 – in two different courts suggest that PokerStars is once again poised to make a serious run at re-entering the U.S. gaming market. First, on June 10, 2013, in a New…

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Gambling or Investing? U.S. Regulators Cracking Down on Binary Option Trading Platforms

By Bob Crawford and Benjamin Cox Signaling rising concern over “all-or-nothing options,” the U.S. Commodity Futures Trading Commission (“CFTC”) filed a civil complaint last week against Banc de Binary for violating “the Commission’s ban on trading options off-exchange.”  CFTC v. Banc de Binary, Case No. 2:13-cv-00992-MMD-VCF (D. Nev. filed June…

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Federal Judge Denies Tribe Motion to Join Casino Case

The Vineyard Gazette is reporting that a federal judge has denied the Wampanoag Tribe of Gay Head, Aquinnah Gay Head Community Association and town of Aquinnah’s motion to intervene in developer KG Urban’s pending lawsuit. KG Urban is challenging the provision in Massachusetts’s gaming legislation which provides for exclusivity of…

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5/30/13: Mass. Gaming Commission Open Public Meeting Summary

On May 30, 2013, members of Goodwin Procter’s Gaming, Gambling & Sweepstakes Practice attended another public meeting of the Massachusetts Gaming Commission. Presentations Use of Local Small Businesses The Commission expressed its hope that applicants would use local vendors (e.g., landscapers, limousine services, linen services, etc.) but added that applicants…

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