Case Studies
Advising eSports Company on ICO, Cryptocurrencies, Compliance, and Regulation
Advising eSports Company on ICO, Cryptocurrencies, Compliance, and Regulation
Unikrn, an international leader in eSports products and content, asked us to provide legal advice on various new products, including its initial coin offering: we provided strategic advice on the products and games on which the cryptocurrencies could be used, while remaining compliant with U.S. gaming and financial services regulation on the federal and state level. We also worked closely with Unikrn during all phases of development of their product, including revisions to the product and games, updates to the ICO whitepaper, and various regulatory and compliance strategies. We continue to advise Unikrn on various new gaming offerings and are advising on licensing matters in newly opened sports betting markets.
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Preparing License Application to Become Registered Casino Service Industry Enterprise
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.
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Managing the Entire RFP Process for Tribal Gaming Company
Managing the Entire RFP Process for Tribal Gaming Company
Seneca Gaming Corporation, owned by the Seneca tribe, runs three casinos in Western New York, and is the largest casino in the state in terms of revenue.
In 2013, New York passed a law allowing retail sports betting within casinos, but the passage of specific state regulations governing the activity was delayed for years. The Seneca tribe retained Ifrah Law to help find them a partner to run their expanded retail and mobile sports betting operations.
We ran the entire RFP process for the casino, offering potential partners the opportunity to bid on servicing this $1 billion market. Ifrah Law reviewed all of the applications, and helped the client cull the list down to a select group of finalists who would make the ideal New York sports betting partner for their specific business objectives.
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Sports Betting Data Company Licensing and Preserving Commercial Contracts
Sports Betting Data Company Licensing and Preserving Commercial Contracts
A sports betting data company contacted Ifrah Law to assist with its licensing process in New Jersey and Mississippi in relation to its sports betting business. The company provides sports betting data to sports books all over the world and is seeking licensure in New Jersey and Mississippi.
Ifrah Law assisted with the licensing process, including reviewing applications and disclosures, advising on proper disclosures for corporate officers and the various business entities, and working directly with regulators on the licensing process. We were successful in securing approval for operations in New Jersey while the investigation was underway.
The firm also assisted with petitioning the Mississippi Gaming Commission for approval to begin offering certain sports betting products prior to finalization of the license application, thus preserving the company’s commercial contracts.
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