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Posts by I. Nelson Rose
Dept. of Interior to Review $470 Million Judgment Based on Law That Does Not Exist
Here’s a little nugget buried in the news: “US Interior Department calls to review Compact payments between Senecas and NY State,” LINK The fight is over whether the Seneca Nation must pay a $470 million judgment won by the State of New York. With any lawsuit...
What in the World is a COAM?
I first looked into COAMs a couple of years ago, when a very large investor wanted to know if he should put a few tens of millions of dollars into a company involved in the business in Georgia. Before I could advise him, I had to first figure out what in the world is...
Will Tribal Sports Betting Mean Slot Machines in Seattle?
“All we want is a level playing field.” I always like working with Washington State card clubs, gaming tribes and charities because I can make one of the strongest arguments a gaming operator has on their behalf: Government is giving an unfair advantage to...
MGM & Orix Submit US$9.1 Billion Bid for Osaka IR
No one is openly asking the big question: Can a US$9.07 billion casino make money? The cost of the proposal cannot be ignored…
Dealers Who Count Cards
Government regulators ought to at least pretend to be neutral. This is particularly true of regulators whose main job is to protect the public. Imagine the Atomic Energy Commission saying nuclear power plants can set their own safety standards, and anyway, there is...
Preferential Shuffling
It is time to look again at the controversy over the right of casinos to shuffle cards in blackjack whenever the remainder of the deck favors the players. Although the issue of casino dealers counting cards has been stewing for decades, the most recent flare-up is the...
Card Counting by Casinos
It seems the eye in the sky has acquired a brain. The watchers have learned to count cards. Casinos have installed computer programs that can tell whether players are counting cards at blackjack. By recording how players change the size of their wagers and how they...
Gambling Games of the Future
In my last two blogs, I discussed the existential problem facing the gaming industry: All forms of legal gambling were invented in the 1800s or much earlier, and Millennials and their younger siblings hate them. Of course there have been technological developments. ...
Where’s My Jetpack? The Future of Legal Gaming
In July, 2014, newspapers ran a copyrighted Bizarro cartoon by Dan Piraro with the caption, “Kirk and Spock travel back in time to 2014.” The two Enterprise officers are standing on a street corner. Two guys are pointing at them and laughing: “Ha ha! Where'd you get...
Selling Sliderules to Kids with Smart Phones
Casinos, lotteries, racetracks and even bingo halls are built around forms of gambling that were invented in the 1800s, if not earlier. The growing trouble facing almost every gaming operator is Millennials. This segment of the population, aged roughly 21-38 years...
Casino Countermeasures: Are Casinos Cheating?
It is time to look again at the controversy over the right of casinos to shuffle cards in blackjack whenever the remainder of the deck favors the players. Although the issue of casino dealers counting cards has been stewing for decades, the most recent flare-up is the...
Why Retaliatory Tariffs on Playing Cards?
The bad news for the legal gaming industry is that Canada and the European Union have imposed a ten percent additional import tax on playing cards manufactured in the United States. The only good news, if you can call it that, is that China has so far not followed...
Spotlight: Professor I. Nelson Rose Speaking at the IMGL Autumn Conference
Among the topical discussions at IMGL's Autumn Conference, we'll be paying special attention to the Social Responsibility panel. I. Nelson Rose will join Sebastian Blohm, Global Head of Corporate & Legal Affairs at ZEAL Network SE and Chris Elliott,...
Brooklyn Law Review Essay Cites I. Nelson Rose
In a newly-published essay "Insiders, Outsiders, & Fair Access: Identifying Culpable Insider Trading" by Jonathan D. Glater, I. Nelson Rose's seminal work Gambling and the Law® is cited. Prof. Rose’s discussion of card-counters and other advantage blackjack...
Collateral Damage from Trump’s Trade War with China
Gambling and the Law® President Donald Trump has escalated his trade war with China. Last week he announced that he intends to slap tariffs on another $200 billion of imports from China. Stock markets around the world fell dramatically, as did the value of...