(Reprinted with permission from Law360).
Nevada — the epicenter of the $34.6 billion U.S. gaming industry — has responded to the drastic downturn in the economy by passing laws that are designed to make the state more attractive to private equity investors. Effective Oct. 1, 2011, Nevada has lowered substantial barriers to entry to private equity and private equity-sponsored companies in the casino gaming, game manufacturing and Internet gaming segments.
Specifically, Nevada relaxed private ownership licensing thresholds, eliminated duplicative gaming equipment and related software approval processes, and established the first regulatory framework for U.S.-licensed Internet gaming. ...
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