Tennessee

Impacts on the Gaming Industry: A Closer Look at the FTC’s Final Non-Compete Rule

By Tommy Shepherd on Posted in Government Regulation
On April 23, the Federal Trade Commission (FTC) issued its Final Non-Compete Agreement Rule (final rule) banning non-compete agreements between employers and their workers. The final rule will go into effect 120 days after being published in the Federal Register. This final rule will impact most US businesses, specifically those that utilize non-compete agreements to … Continue Reading

Corporate Transparency Act Update

By Tommy Shepherd on Posted in Government Regulation
As we complete the first quarter of 2024, business entities in the United States (including those involved in the gaming industry) should be familiar with their obligations under the Corporate Transparency Act (CTA), which is part of the 2021 National Defense Authorization Act. The CTA requires entities organized by a filing under state or tribal … Continue Reading

Beneficial for Whom? Requirement to Provide Beneficial Ownership Information for Business Entities Begins January 1, 2024

By Tommy Shepherd and Walt Terry on Posted in American Gaming Association, Casino Gaming, Government Regulation, Louisiana Gaming, Mississippi Gaming Commission
On January 1, 2024, the Corporate Transparency Act, a US federal law, will begin requiring certain corporations and limited liability companies to disclose their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury. The corporate ownership structures of many gaming companies, particularly those that utilize … Continue Reading

2021 Regional Gaming Highlights

By Tommy Shepherd, J. Kelly Duncan, Matthew C. McDonald and Chris Ulfers on Posted in Alabama Gaming, Casino Gaming, Georgia Gaming, Government Regulation, Horse-racing, Lottery, Lottery News, Louisiana Gaming, Skill-based Gaming, Slot Machines, Sports Betting, Sports Wagering, Tribal Gaming
Alabama In 2020, Governor Kay Ivey appointed a Gaming Task Force to study the feasibility of legalizing gaming in Alabama. Since voters rejected the last attempt in 1999 to amend the Alabama constitutional prohibition on gambling, numerous attempts to pass gaming legislation have failed. But with the proliferation of gaming in surrounding states, bingo casinos … Continue Reading
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