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Monday, April 30, 2012 12:41:11 PM
Frank Schreck, who has been practicing gaming law for 40 years and oversees the practice for Brownstein Hyatt Farber Schreck, said Nevada was ahead of other states in adopting regulations and technical standards for approving online gaming, both intrastate and interstate.
Current Nevada licensees and foreign online gaming companies are rushing to file online gaming applications. Beneficial Holdings Inc. and slot machine manufacturer WMS Industries are just two of the 27 companies who have applied for an interactive gaming license in Nevada.
"We currently represent a number of the largest European online gaming companies, which has forced us to develop an expertise in a new area of gaming law," Schreck said. "My firm has (been) and (continues to be) involved in the negotiation, drafting and consummation of complicated joint venture agreements between major Nevada gaming companies and foreign online gaming companies whereby the foreign online gaming company provides its online gaming technology services to the Nevada licensee."
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