Steven Eichorn

COUNSEL

"I help trailblazing and established companies successfully compete in the online gaming industry."

Overview

Steven Eichorn works with clients at the forefront of the technology, eCommerce and gaming industries. For both established companies and startups, Steven helps with licensing applications, legal opinions, buyouts and acquisitions, commercial agreements and ICOs, in addition to general legal matters like corporate formation documents, operation agreements and employee contracts.

Steven excels at resolving his clients’ various legal challenges and surpassing their expectations. His clients appreciate his thorough understanding of the law in these rapidly evolving areas, and his straightforward assessment of how they can best attain their business goals.

With sports betting now legal in a growing number of states and iGaming surging in popularity, Steven frequently applies his knowledge of the online space to companies and niche players in this flourishing market. He often assists clients in navigating the complex gaming licensure process in New Jersey and other jurisdictions by reviewing and overseeing all business entity and personal disclosure forms and commercial agreements with casinos. He also provides analysis of current and proposed daily fantasy sports games to ensure compliance with state and federal laws, and opinion letters for companies in need of payment processing verification.

Other recent representative matters include:

  • Negotiating a large, multimillion-dollar sale of several iGaming websites, thereby positioning the buyer as one of the largest regulated casino affiliates in the U.S.
  • Preparing the license application for an online casino game developer to become a registered Casino Service Industry Enterprise in the state of New Jersey, including negotiating with the New Jersey Division of Gaming Enforcement, while also advising on corporate transactions and revenue share agreements with multiple casinos
  • Drafting and executing all commercial contracts for a startup in the food industry including licensing, vendor and employee agreements, plus the company’s corporate formation
  • Overseeing all company-wide compliance including employment and litigation matters for a small business providing day care services
  • Drafting the operating documents for a joint venture that successfully bid on a government contract worth over $10 billion

Clients in the eCommerce and online advertising sphere turn to Steven for his familiarity with the nuances of their industry. First and foremost, he helps protect clients from legal liability from both consumers and contracting parties through thoughtfully prepared privacy policies, terms and conditions, end-user license agreements and online distribution agreements. Beyond immediate industry-related concerns, Steven also provides guidance on legal needs such as product manufacturing agreements, creating LLCs and writing bylaws.

Steven extends his legal skills in the community by assisting individuals in pro bono matters, including providing legal advice in landlord-tenant disputes and uncontested divorce proceedings. He has also served on the boards of a number of community organizations.

READ MORE +

Credentials

Education
  • J.D., Fordham Law School, cum laude, May 2008
  • B.S., Touro College, Finance, summa cum laude, June 2003

Admitted to Practice
  • District of Columbia
  • New Jersey

Professional Community
  • Certification, Advanced Sports Betting Regulation Program – UNLV International Center for Gaming Regulation
  • Bancroft Village Homeowner’s Association, Treasurer
  • DC Bar, Member
  • KAYTT, Board Member

Steven's Insights

A Cautionary Tale Courtesy of Fortnite
Ifrah on iGaming |
Sep 21, 2023

A Cautionary Tale Courtesy of Fortnite

By: Steven Eichorn
G2E 2023: Outlook and Trends
Ifrah on iGaming |
Aug 16, 2023

G2E 2023: Outlook and Trends

By: Steven Eichorn
The Upside to the College Betting Scandals
Ifrah on iGaming |
Jul 21, 2023

The Upside to the College Betting Scandals

By: Steven Eichorn
NFL Gambling Policy Can Benefit From Small Modification
Ifrah on iGaming |
May 10, 2023

NFL Gambling Policy Can Benefit From Small Modification

By: Steven Eichorn

Case Studies

Preparing License Application to Become Registered Casino Service Industry Enterprise

Ifrah Law prepared the license application for Ezugi to become a registered Casino Service Industry Enterprise in New Jersey. We have worked extensively on representing the client in negotiations with the New Jersey Division of Gaming Enforcement to address Division of Gaming Enforcement (DGE) concerns, obtain approval of the application, and to receive transactional waivers for continued operations. The firm also represents Ezugi on its corporate transactions and revenue share agreements with multiple casinos. Ezugi was the first operator after regulation to offer a “virtual” live dealer where remote players watch and play poker
online while they view a real casino table and dealer. This innovative and cutting-edge work has resulted in our client partnering with the Golden Nugget Casino and its counsel, Brownstein Hyatt Farber Schreck, LLP.

Read Case Study +

Successfully Negotiating a $60 Million Sale of iGaming Websites

Currently, the U.S. represents approximately 20 percent of the total online casino market; some states have re-regulated to permit online games, such as Nevada (poker), Delaware (all game types), and New Jersey (all game types), and initiatives are underway to re-regulate in many other states.

In a transaction worth up to $60 million, Ifrah Law helped a client profitably exit its position in iGaming’s lead generation market through a sale of websites and other affiliate related assets.

The acquisition included generated revenues from licensed operators in the regulated casino and poker markets in New Jersey and Nevada, plus other assets expected to generate significant revenues as other jurisdictions re-regulate iGaming.

The sale positioned the buyer to become the U.S.’ largest regulated casino affiliate and take advantage of further re-regulation in what is potentially the world’s largest iGaming market.

Read Case Study +